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03-09-2016, 11:50 AM #1
- Join Date
- Jul 2014
- Posts
- 1,746
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03-09-2016, 12:13 PM #2
- Join Date
- Sep 2014
- Posts
- 263
So your saying that if a Funder and a customer have a legitimate contractual dispute that the Customer has no legal rights and must pay what the lender demands no matter what? How do you propose a contractual dispute is resolved?
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03-09-2016, 12:24 PM #3
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03-09-2016, 12:25 PM #4
he signed a contract agreeing to pay the a designated $ amount to the bank for the money that they gave him. What type of contractual dispute could there be that would negate the merchant obligation. Secondly even if the merchant was right most banks in the space would not take the risk lending unsecured money to a merchant who defaulted on another lender in the space no matter what the circumstances are. The risk far outweighs the reward
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
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03-09-2016, 12:35 PM #5
- Join Date
- Jun 2015
- Posts
- 3,325
i had one where my merchant was 100% correct and the lender was being an idiot . regardless of that no one will want to touch it in till it went off his credit report . since then i have funded him 4 times and he is still paying back like a champ.
regardless of what i just said i fully agree that the risk outweighs the rewards because 9 out of ten times the lender is right
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