[isaacdstern]

I thought it was you but I was not sure

[CO1]

Yellowstone Capital Coupon Codes and Discount Codes 2013
You do deals like this?

[isaacdstern]

not even sure what that is...probably a marketing thing...send me the link

[CO1]

http://72.3.202.143/coupons/yellowstonecapllc.com

[isaacdstern]

I have never seen those and they must be really old...we changed our logo 18 months ago and those still have the old logo...lol

[Finance1]

ISO's and funders will never see the world through the same glasses. Sure, some low fico deals look good but a pool of low fico deals does not perform well at all. So, the decision has to be made whether or not to make exceptions based on pools of data that show contrary results. Basically trying to pick winners inside a pool of losers. Too easy to get it wrong. Why would an iso care? They have no skin in the game. Just a comp check shortly after funding and then move on to the next one.

I agree about looking behind the low credit score though. Lotsa good folks have bad things happen. Medical collections are a classic score puncher. But even with that, a large high volume funder should always stick to their matrix. Make sense/outside of the box deals are best handled by a small boutique style funder or one that specializes in high risk. Expecting a sub 550 borrower to deserve the same rates/programs as a 650 borrower (regardless of statements) is unrealistic.

On the ACH/MCA topic, fixed payment ACH programs are inherently more risky that MCA ACH programs. With MCAs you are only debiting as money is going into the account from a batch. Fixed payment programs simply assume there will be enough money every single day. That is a key difference in risk factors. We have very few problems with our ACH MCA merchants and returned ACHs.

[MCAVeteran]

i keep hearing "why is credit reviewed"- this is financing. albeit hard money financing, it still has to review applicants credit and business health to approve a file. If BD's and Funders are promoting credit doesnt matter, shame on them. Thats misleading. Credit does matter, especially on the loans and with some MCAs, they dont fund below 550 FICO. however, just because you get your deal declined with one funder, doesnt mean you cant find a home elsewhere. thats why most aggregators have a handful or more of funders to work with everyday....

[Gini Co]

Perhaps we need to make a distinction between assessing an applicant's "credit" and their "FICO score". They are not one in the same. The actual FICO score, which was build to be rather generic, has very little weight it our MCA credit model. We parse the PG's credit report for our own indicators of probability of default and in turn fund a lot of FICO-400 deals with good results.

[mfs01]

MFS Global, Inc will approve this file as long as the liens are satisfied or on some sort of payment plan.

Best,

Albert
isosupport@mfsgloabl.com

[Chambo]

Perhaps we need to make a distinction between assessing an applicant's "credit" and their "FICO score". They are not one in the same. The actual FICO score, which was build to be rather generic, has very little weight it our MCA credit model. We parse the PG's credit report for our own indicators of probability of default and in turn fund a lot of FICO-400 deals with good results.

Isn't that why many funds use CLEAR these days instead of Experian?