2nd Position Behind Fora Financial
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  1. #15
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
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    4,713

    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??
    Last edited by mcaguru; 08-14-2015 at 02:33 PM.

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