[Fund_It]

Has anyone heard about Ondeck's new policy yet? Where if the merchant has under a 660 credit score and an existing balance it's automatically declined?

[ridextreme]

the share holders have spoken.

[CLucas]

The shares holders obviously have no clue or understanding of who there customer base is. If the share holders are pissed now, hay I have an idea why not eliminate half of our customer base, I think I will short this stock just for fun.

[Fund_It]

The shares holders obviously have no clue or understanding of who there customer base is. If the share holders are pissed now, hay I have an idea why not eliminate half of our customer base, I think I will short this stock just for fun.

exactly

[CreditGuy]

I've seen Ondeck approve and fund merchants with FICOs below 660 and MCA balances in the past week. Either you misunderstood, or your rep there gave you some bad intel. I would reach out to them for clarification.

[Scott Williams]

I am pretty sure its a 600 score ( not 660) if they have an open advance

[FUNd]

The underwriting guidelines at OD certainly are a little tougher than the majority of the lenders out there, but I doubt they would pigeon hole themselves so tightly.

I stopped using them anyway. I don't trust my deals to anyone that has over 100 direct salespeople, all hungry for clients.

[Fund_It]

I've seen Ondeck approve and fund merchants with FICOs below 660 and MCA balances in the past week. Either you misunderstood, or your rep there gave you some bad intel. I would reach out to them for clarification.

no that's what was said, and we have a 0% default rate in the past 2 years with them. slowly becoming impossible to work with them.

[CreditGuy]

no that's what was said, and we have a 0% default rate in the past 2 years with them. slowly becoming impossible to work with them.

Your rep there is wrong.