Quote Originally Posted by FUNd View Post
Wait, I thought EBF was positioning themselves to compete with the 'prime' funders like OD with all these "WTF" and "Holy S*it" emails about low buy rates?
Did not work out for them apparently. I spoke to my rep about it and he said to me that they are pulling back on their "WTF" and their "Holy S*it" Apparently they have a pretty big "WTF/Holy S*it" deal to a merchant who defaulted very early on. Once again, this is what I was told. Not sure how one deal going south for a company like Everest is a reason to completely switch directions but maybe there is more there then what he said or knew. That said, I have been noticing their offers coming back to be far more conservative than in the past. I had 6-7 deals with them that I closed elsewhere because they were not competitive on 90% of them.