Advice for a Defaulted Syndicated Deal
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  1. #1
    Providing a discount to a defaulted merchant? Wow.

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    Veteran Reputation points: 159120 J.Celifarco's Avatar
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    Quote Originally Posted by GoodCustomerService View Post
    Providing a discount to a defaulted merchant? Wow.
    It is a local guy who he has given 3 advances to.. I am not saying wipe out all the cost of the money but a small incentive to get the guy paid off, when he has given him 3 advances and has made a good deal of money on the guy already. Do what you have to do to get out of the deal without a loss. So yes offer an incentive to a defaulting merchant. I would rather collect most of the money owed to me then none
    John Celifarco
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    Horizon Funding Group

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