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03-16-2016, 07:33 PM #1jotucker1983Guest
Why would you want to enter into this business at this point being brand new? Do you have some sort of unique market research you've conducted and you are going to compete uniquely and strategically?
UCCs are dead, the ones that are being filed have been sold to 100 other companies probably.
- Most merchants are going to curse you out for being the 10th guy calling this week.
- The "leads" that you will produce from UCCs will be mainly merchants who are stacked to high heaven hell with 4 or 5 balances that nobody wants to consolidate, or merchants who just have a ton of bad things going on with their profile that again, make them unfundable.
- The "good accounts" that used to be generated from UCCs, are mainly not even getting UCCs filed on them like in prior times. A lot of companies have just stopped filing UCCs on good accounts and choose to file them on questionable or risky accounts which again, most of the time are unfundable.
Just giving you some honest insight here, if you plan on coming in here brand new you ought to develop some sort of unique/strategic business plan. UCCs aren't going to cut it anymore.
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03-17-2016, 03:26 PM #2
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