Results 1 to 5 of 5
Hybrid View
-
02-20-2015, 03:59 PM #1
- Join Date
- Jan 2015
- Posts
- 16
Credit Score vs. Paypack time period for a Merchant Cash Advance
I believe Merchant Cash Advance companies lessen the time allowed for payback of an advance according to a person's credit score. Does anyone have any specific knowledge of this trend.
-
02-20-2015, 04:36 PM #2
There are no specific's for the trend because there are many factors for length of an advance, not only credit score
-
02-20-2015, 04:48 PM #3
I suspect there would be strong correlation between terms and FICO scores if you looked at the books of many funders. FICO is just one of many factors so a low FICO score may increase the probability that the terms on the deal are short, but it does not dictate it.
-
02-20-2015, 04:51 PM #4
Every company has its own underwriting criteria when it comes to the length of a deal.. That said credit score has always affected the term no matter what bank it is. That has always been the case
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
-
02-23-2015, 04:57 PM #5
- Join Date
- Feb 2015
- Location
- Kansas City
- Posts
- 34
A merchant's credit score has little to no affect on our terms. That is the benefit of working with a direct funder rather than a bank.
Holley
holley@capassist.com
913-324-5918
Similar Threads
-
Cash Advance full-time Administrative Assistant position. (Long island) help wanted
By stevenk in forum Help WantedReplies: 2Last Post: 02-19-2015, 09:54 PM -
AVP Cash Solutions--Merchant Cash Advance
By AVP Solutions in forum Merchant Cash AdvanceReplies: 0Last Post: 10-31-2013, 12:57 PM -
Credit Score?
By CO1 in forum Merchant Cash AdvanceReplies: 34Last Post: 09-24-2013, 01:43 PM -
Amazon's new Merchant Cash Advance (merchant financing) Program
By Sean Cash in forum Merchant Cash AdvanceReplies: 3Last Post: 01-04-2013, 01:16 PM