[FUNd]

My grandfather said you want to get somthnig done go to a busy man! Zach deff a busy man!

A SIX month 1.37 real estate backed loan for 115k and you just said "it doesn't get any better than that"? 74% APR for a fully secured loan?!? I just choked on my chicken bowl.

I think we all know by now that Zach is the king billionaire shark of the collateralized MCA industry. I was at a party this weekend at his house at 1 Ocean Drive in Malibu and the caviar, cocaine buffet, and Lamborghini races up and down his private street were off the hook. Thanks Zach!

[J.Celifarco]

A SIX month 1.37 real estate backed loan for 115k and you just said "it doesn't get any better than that"? 74% APR for a fully secured loan?!? I just choked on my chicken bowl.

I think we all know by now that Zach is the king billionaire shark of the collateralized MCA industry. I was at a party this weekend at his house at 1 Ocean Drive in Malibu and the caviar, cocaine buffet, and Lamborghini races up and down his private street were off the hook. Thanks Zach!

Seriously Zach and you dont invite all of us

[OC Funder]

A SIX month 1.37 real estate backed loan for 115k and you just said "it doesn't get any better than that"? 74% APR for a fully secured loan?!? I just choked on my chicken bowl.

I believe this loan would actually be 117% APR... pretty brutal. Still, the upside would have to be astronomical for me to give 100k to someone stacking 4 daily payments together. Maybe there were perfectly logical reasons to take so many advances simultaneously, but in all likelihood this person is addicted to debt and a ticking time bomb.

[Zach]

I believe this loan would actually be 117% APR... pretty brutal. Still, the upside would have to be astronomical for me to give 100k to someone stacking 4 daily payments together. Maybe there were perfectly logical reasons to take so many advances simultaneously, but in all likelihood this person is addicted to debt and a ticking time bomb.

The good news for this guy is that we reduced his effective APR by an insane amount.

He had a 3-month 1.45 in there, which is approximately 335% APR... someone had to throw him a life saver.

[FUNd]

I believe this loan would actually be 117% APR... pretty brutal. Still, the upside would have to be astronomical for me to give 100k to someone stacking 4 daily payments together. Maybe there were perfectly logical reasons to take so many advances simultaneously, but in all likelihood this person is addicted to debt and a ticking time bomb.

Of course it's a ticking time bomb. WBL is at least smart enough to figure it out and back their investments with real estate. MCA is the biggest bubble since subprime mortgage and the meniscus is so thin, a soft breeze is going to bust it, watch.

[Cfairbank]

A SIX month 1.37 real estate backed loan for 115k and you just said "it doesn't get any better than that"? 74% APR for a fully secured loan?!? I just choked on my chicken bowl.

Ha! Here's something that will make you choke again: the APR is actually closer to 150% (not including fees) assuming straight-line daily amortization -- straight-line weekly amortization around 135% not including fees.

[FUNd]

Ha! Here's something that will make you choke again: the APR is actually closer to 150% (not including fees) assuming straight-line daily amortization -- straight-line weekly amortization around 135% not including fees.

Thanks Carl. Everyday I feel more like and more like a used car salesman, but at least their customers get something to drive off the lot, ours just get the money sucked out of their account faster than they can use it. No wonder the feds and states are all over this industry. Predatory is an understatement. I have information from my bro who is a well connected attorney that knows some very important lawmakers. All I can say is a lot of you people patting yourself on the back for being the worlds greatest entrepreneurs and salespeople better start polishing your resumes instead of polishing the rims on that leased c-class Benz.

[HDF]

Thanks Carl. Everyday I feel more like and more like a used car salesman, but at least their customers get something to drive off the lot, ours just get the money sucked out of their account faster than they can use it. No wonder the feds and states are all over this industry. Predatory is an understatement. I have information from my bro who is a well connected attorney that knows some very important lawmakers. All I can say is a lot of you people patting yourself on the back for being the worlds greatest entrepreneurs and salespeople better start polishing your resumes instead of polishing the rims on that leased c-class Benz.

There are so many parallels to other industries, that if MCA shops and SMB loan outfits have not gotten their ducks in a row by now - they are in big trouble. I can't agree more with FUNd.