Advice for a Defaulted Syndicated Deal
Need a Funder or Vendor? START HERE

Results 1 to 25 of 34

Hybrid View

  1. #1
    Senior Member Reputation points: 47257
    Join Date
    Apr 2013
    Location
    Basalt CO
    Posts
    869

    Sean, i am 100%, and i shouldn't say the syndicater isn't helpful. I was just hoping they would have some better answers. I am talking the admin for the account.
    He comes into the office and always gets back to me. He paid me another 1500 this AM.

    All is good advice, and yes offering a discount is a good option. I have gotten paid 3 times and made a ton on him. I can give him a break, get my moeny back and some.
    Yes, was just referring to more time than i want to, but in the end if i get my money back, i will be happy.

  2. #2
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
    Join Date
    Aug 2012
    Location
    New York City
    Posts
    1,882

    Quote Originally Posted by skideeppow View Post
    Sean, i am 100%, and i shouldn't say the syndicater isn't helpful. I was just hoping they would have some better answers. I am talking the admin for the account.
    He comes into the office and always gets back to me. He paid me another 1500 this AM.

    All is good advice, and yes offering a discount is a good option. I have gotten paid 3 times and made a ton on him. I can give him a break, get my moeny back and some.
    Yes, was just referring to more time than i want to, but in the end if i get my money back, i will be happy.
    Someone paying you, even if sporadically shows good faith. It sounds like from you that it's really due to financial hardship. Suing him is counterproductive if there is nothing to get out of him beyond what you are already getting. He will just be more broke because he'll need to spend whatever's left on a lawyer. And if he manages to afford one, that lawyer will come up with a bunch of arguments about why they don't have to pay you at all.

    That's where you'll really spend your money on, not the filing of the lawsuit itself. Even if you win or get a favorable settlement, the guy's going to be more broke than before.

    If he's secretly doing well and just giving you a phony story, that would change everything though of course.

Similar Threads

  1. Replies: 7
    Last Post: 03-12-2015, 10:23 AM
  2. Need advice please
    By SUPERIORFUNDING in forum Deal Bin
    Replies: 3
    Last Post: 12-30-2014, 02:42 PM
  3. Any Advice on where to advertise to get new business???
    By Apistone in forum Merchant Cash Advance
    Replies: 10
    Last Post: 09-25-2014, 03:33 PM
  4. Advice for the day!
    By mcaguru in forum Merchant Cash Advance
    Replies: 8
    Last Post: 06-17-2014, 04:36 PM
  5. Replies: 2
    Last Post: 04-16-2014, 03:04 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending


DIRECTORY