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09-09-2015, 11:52 AM #1
Expansion Capital: MIND BOGGLING REQUIREMENT-
Consolidating a merchant who has an advance with Expansion Capital. Can someone please tell me what these guys are requesting with the statement in bold? I've called Expansion, but got their voicemail. Is this saying if we consolidate and pay them off, they are tacking on an additional $1200? Thanks guys! Never seen a statement like this on payoff letter before.
Merchant agrees to transfer the remaining RTR balance due in the total amount of $9,197.00 from Expansion
Capital Group, LLC. Contract No xxxxx dated and signed on xxxxx. If this payoff is received from a third
party (not the above named merchant), the merchant agrees to transfer the remaining RTR balance due in the
total amount of $10,367.
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