[aredmond]

Credibly....and they can choose the day of the week it comes out which can be a incentive to some....

[Sachip24]

Credibly....and they can choose the day of the week it comes out which can be a incentive to some....

does this have to be structured before advance starts? I have few clients with Credibly currently that have expressed interest to me if I can switch them to weekly payment

[ridextreme]

does this have to be structured before advance starts? I have few clients with Credibly currently that have expressed interest to me if I can switch them to weekly payment

No. once the contract is singed, they can't just start changing the payment structure verbally on the fly. It's a legality issue.

[Sachip24]

No. once the contract is singed, they can't just start changing the payment structure verbally on the fly. It's a legality issue.

I have a great Credibly rep, she was able to get the client into weekly payments without making it a big issue. Thank you for your response.

[ridextreme]

I have a great Credibly rep, she was able to get the client into weekly payments without making it a big issue. Thank you for your response.

So, after the contract was signed, and after the daily payments began, she was able to change it to a weekly payment without signing at least an addendum?

[FundingCzar]

So, after the contract was signed, and after the daily payments began, she was able to change it to a weekly payment without signing at least an addendum?

I have had a few deals that Credibly switched to weekly payments after funding. Usually they only like to do it when refi'ing (if not initially offered), but yes they have to sign an addendum.

[ridextreme]

I have had a few deals that Credibly switched to weekly payments after funding. Usually they only like to do it when refi'ing (if not initially offered), but yes they have to sign an addendum.

exactly, of course they would need to refi it and have a new contract signed.

sachip24 was asking if they can switch after funding, and then said his great rep was able to switch them without any issues. Obviously, you can't ACH an account without a written contract showing the amount of the ACH.