[J.Celifarco]

john my point is what is the difference between a guy not paying his mortgage , car lease , credit cards and everyone else- to not paying one cash advance . it seems everyone takes it more personal when it's in our industry .

I definitely think they do and I definitely think it should matter more. I have plenty of clients with bad credit who dont pay bills that i have funed that have turned out to be great merchants. They suck at running their own lives but happen to run a good business. On the other hand if a merchant took a loan from another company in our space didn't pay it back and is doing nothing to fix the situation, then goes to another bank in the industry for another loan. if i am that second loan company why would i think that he is going to pay me back when he still hasn't made good on his first loan. so yes they do look it worse if the default is in our industry as compared to a credit card or car loan, but i definitely think it is justified