Merchant with previous default ACH loan history
Need a Funder or Vendor? START HERE

Results 1 to 23 of 23

Hybrid View

  1. #1
    Senior Member Reputation points: 307559
    Join Date
    Jun 2015
    Posts
    3,326

    guy has sub 500 credit which means that he never pays anything , yet you will give him an advance . But once one of the things is a competitor its a whole new game and even with 800 credit no one will fund . if he paid at the end of the day what's the difference

  2. #2
    Veteran Reputation points: 159120 J.Celifarco's Avatar
    Join Date
    Oct 2012
    Location
    New York
    Posts
    2,509

    Quote Originally Posted by michael i View Post
    guy has sub 500 credit which means that he never pays anything , yet you will give him an advance . But once one of the things is a competitor its a whole new game and even with 800 credit no one will fund . If he paid at the end of the day what's the difference
    huh???

    Quote Originally Posted by AndyYSCISOdept View Post
    Johnny C droppin knowledge like its going outta style! Preach brotha!
    Just the truth not worth funding bad deals.. At the end of the day it hurts you more then helps
    Last edited by J.Celifarco; 11-09-2015 at 12:15 PM.
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  3. #3
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
    Posts
    4,713

    Quote Originally Posted by Michael I View Post
    guy has sub 500 credit which means that he never pays anything , yet you will give him an advance . But once one of the things is a competitor its a whole new game and even with 800 credit no one will fund . if he paid at the end of the day what's the difference
    We fund 30+ deals a week that are under 600 CS that function well. I have been arguing for years that most people that default on lines of credit do so because they ha(ve)d to "send the check", and with our model of daily deduction they seem to not miss a beat.

  4. #4
    Veteran Reputation points: 135672 Chambo's Avatar
    Join Date
    Sep 2012
    Location
    New York City
    Posts
    3,189

    Quote Originally Posted by mcaguru View Post
    We fund 30+ deals a week that are under 600 CS that function well. I have been arguing for years that most people that default on lines of credit do so because they ha(ve)d to "send the check", and with our model of daily deduction they seem to not miss a beat.
    Clapman, can it. We're talking about a sub 500 dela here, no your piddlywink sales pitch is worthless.

    Mike would *****slap you around the office like a rag doll if you tried to push this paper on him

  5. #5
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
    Posts
    4,713

    Quote Originally Posted by Chambo View Post
    Clapman, can it. We're talking about a sub 500 dela here, no your piddlywink sales pitch is worthless.

    Mike would *****slap you around the office like a rag doll if you tried to push this paper on him
    you left out a T.

Similar Threads

  1. Replies: 7
    Last Post: 02-26-2020, 06:40 PM
  2. Replies: 1
    Last Post: 09-18-2015, 12:31 PM
  3. Merchant with no credit history
    By loan in forum Deal Bin
    Replies: 3
    Last Post: 04-07-2015, 08:18 PM
  4. Leads that were previous MCA Applicants
    By NETCAP in forum Merchant Cash Advance
    Replies: 2
    Last Post: 03-16-2015, 06:11 PM
  5. Default Merchant who opened an ISO - Superior Funding
    By achcash in forum Merchant Cash Advance
    Replies: 6
    Last Post: 02-14-2014, 02:00 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending


DIRECTORY