[Chambo]

try to rewrite the deal as a split and switch his cc terminals. Maybe add write in an additional weekly payment so that it speeds up the payback period.

CC split with additional ACH payments? didn't BFS & MCC get pinched for doing just that in Cali?

[skideeppow]

He does not take credit cards, and i never said this was a 4th position. I said this was his fourth advance with me.
He is paying, so I am sticking it out. It will just take a while.

[J.Celifarco]

He does not take credit cards, and i never said this was a 4th position. I said this was his fourth advance with me.
He is paying, so I am sticking it out. It will just take a while.

thats the right move I think

[Sean Cash]

I think so too

[GoodCustomerService]

As long as you don't offer him a discount

[J.Celifarco]

As long as you don't offer him a discount

that i disagree with, he has made money on the deal if offering a discount gets him out of the deal quicker and lowers the risk of the deal going bad then he would be crazy not to offer it

[skideeppow]

I also disagree. I will offer him a discount if he can guarnatee repayment within a certain time frame. Give him an incentive to pay at a certain time.

[GRP Funding]

I'm with Matt & John. If a discount gets a lump payment in, he can easily reinvest that money into other deals and make back what he's losing by offering the discount.

[Funder Mark]

The goal is to get paid back at least the principal. If that means offering a discount on the total bought amount, go for it.