[mcaguru]

When Ondeck or for that matter any A paper Funding company funds a 1st position file. are they not stacking on the merchants current receivables? what about merchants landlord? what about his current credit lines? his Amex card?

I have no idea were this all came about?? In fact when someone gets a Discover Credit card with a 5K credit line after making X amount of payments it sets an alert to a few dozen companies that then sell that info to Amex and Citibank that offer the Discover Card Holder a 12K credit line! I have never heard about Discover complaining that "the 5K credit-line Client" may be exposed to do much credit and default on the 5K!!!

Maybe Discover should demand a payoff from Capital One when they offer a larger line??

[J.Celifarco]

When Ondeck or for that matter any A paper Funding company funds a 1st position file. are they not stacking on the merchants current receivables? what about merchants landlord? what about his current credit lines? his Amex card?

I have no idea were this all came about?? In fact when someone gets a Discover Credit card with a 5K credit line after making X amount of payments it sets an alert to a few dozen companies that then sell that info to Amex and Citibank that offer the Discover Card Holder a 12K credit line! I have never heard about Discover complaining that "the 5K credit-line Client" may be exposed to do much credit and default on the 5K!!!

except in those cases there is not a contract that is being breached. In the case of stacking most of the time the 1st position contract has clauses that make taking a 2nd position a breach