[Cfairbank]

Arch is the most difficult funder to work with in this space (disclosure: this is coming from a lender's prospective, we are not an ISO). Getting in touch with anyone over there is an absolute nightmare. While their product isn't any more predatory than the other stackers in the space, we have them on our restricted funders list just because they are so difficult to get in touch with. HDF, while providing great comic relief, is also completely accurate -- it's a total run-around at that shop, I have no idea what is going on there. If you actually are going to deal with high risk funders, there are so many out there offering the exact same 1.45x 4 month product, I wouldn't bother with that shop. Just my two cents.

[mcaguru]

Arch is the most difficult funder to work with in this space (disclosure: this is coming from a lender's prospective, we are not an ISO). Getting in touch with anyone over there is an absolute nightmare. While their product isn't any more predatory than the other stackers in the space, we have them on our restricted funders list just because they are so difficult to get in touch with. HDF, while providing great comic relief, is also completely accurate -- it's a total run-around at that shop, I have no idea what is going on there. If you actually are going to deal with high risk funders, there are so many out there offering the exact same 1.45x 4 month product, I wouldn't bother with that shop. Just my two cents.

Carl -
What do you mean they are on your restricted list >?

[Cfairbank]

Carl -
What do you mean they are on your restricted list >?

As part of our credit policies, we have select high risk funders we either won't buy out or, if we do, their position would require us to severely restrict the initial term (but if the merchant doesnt stack us, good payment history, and business has stayed the same or improved, we offer a re-underwriting on request after two months of payments that can significantly lower the effective APR at no cost to the merchant). Most restricted funders are on the list as a result of a highly predatory/business killing second+ position products and they use even more confusing, aggressive sales tactics than other high risk firms (and yes, some high risk funders are quite a bit worse than others). But Arch is on there mostly due to how difficult they are to reach/work with.