[AndyYSCISOdept]

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

My man speaks the truth. There are times when a default isn't the same as a DEFAULT....for example: if my merchant has his mortgage paid, rent paid everything else is current but stops payment on his 149 per day cash advance payment that is AUTO DECLINED. However, if he went through a period of not being able to pay anything but is now back on track I'll take a crack