[Chambo]

IOU has been doing 2nd position deals for a long time.

IT's not that they are necessarily doing second positions. They (like On Deck) look at their product as a true loan, and everyone else as a cash advance. Therefore, it isn't stacking, it is simply a different product.

[anonymous]

IT's not that they are necessarily doing second positions. They (like On Deck) look at their product as a true loan, and everyone else as a cash advance. Therefore, it isn't stacking, it is simply a different product.

Yet they would stack OnDeck which is also a "loan," making it a stack regardless. Plus if there are two advances outstanding, they won't stack a third. The number of cash advance positions they were coming in behind would be irrelevant by that logic. That said, (from what I've been able to gather) the scoring system is starting to cater a lot more to 1st than it is to 2nd. Don't get me wrong, it still pumps out great 2P approvals, merchant has to score out well though.