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09-12-2012, 04:20 PM #9
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
The REAL question is how many merchants actually qualify for 1.12 deals? Maybe 2% of all applicants? The great majority of my merchants fall in the 500-600 FICO range and the average deal size is about 15K-25K. I'd venture to say that almost NONE of these guys would be approved for a 1.12 deal.