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07-03-2013, 12:07 PM #1
There was a company i forgot the name but they were telling me that, if they have over draft protection they would go ahead and stack, and the guy was offering 4 points on each deal. And i laughed and i hung up. And heather what company is this you work for?
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07-03-2013, 04:22 PM #2
The issue with stacking from a lender's prospective, is that with each subsequent deal, the merchant becomes more at risk of default. I never understood why someone looking to stack on top of an already faltering deal, or even worse, coming in number 3 or 4, knowing good and well it is a crap shoot, would demand "X" in commissions. The deal is essentially garbage and everyone is palying musical chairs to see who gets left standing at the end. If you get ANYTHING for that kind of deal, it is better than zero (which is what should be offered for taking such an enormous risk). 10% of SOMETHING is better than 0% of NOTHING