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09-23-2016, 10:10 AM #1
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- Join Date
- Jul 2014
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Yes. What you can do is request an early payoff discount before the offer is accepted. You should receive a table listing the amount of time vs. the payoff from 1 month and so on. I know for sure Quarterspot does this because I've had many files that requested payment information if they were to payoff in 3 months instead of their original payment term of 15 months. I always have my Merchants chose the term that will make their daily/weekly payment comfortable and show the options to payoff early and/or when they can get additional funds/renewal. If they do pay off- they know they can always do the same again with QS on their own time when they need it and QS sends me over an email letting me know. I have a good handful of files that have been doing this for about 2 years with them.
Amanda Kingsley
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