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  1. #1
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    Just wondering, how do you bait and switch in the case of an MCA? Loan amount is X, payment is Y, term is Z... Isn't it the borrowers responsibility to read the agreement before signing?

  2. #2
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    Quote Originally Posted by FUNd View Post
    Just wondering, how do you bait and switch in the case of an MCA? Loan amount is X, payment is Y, term is Z... Isn't it the borrowers responsibility to read the agreement before signing?
    I've heard of some brokers that whiteout the terms on the contract and revise them, forge signatures on ACH origination fee agreements to charge exorbitant closing costs, etc. These instances aren't common, but they do happen. In these cases, a merchant will retaliate.

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