Non credit driven financing?????

**Ryan Shiroky** · 04-16-2014, 03:45 PM

I thought MCA was not supposed to be credit driven... if that is the case, then why are we busting these pplz credit up?

**Chambo** · 04-16-2014, 04:13 PM

why would you think that?

**Ryan Shiroky** · 04-16-2014, 04:50 PM

think what? that its not supposed to be credit driven? because its not...

**Ocean Financing** · 04-16-2014, 07:46 PM

The score isnt the deciding factor, funders don't care about medical or student loans defaults which end up damaging peoples credit score. They focus more on the past history and current trend of debt payments. The main deciding point on funding is the overall health of the merchant financials. Balances, deposits and days negative are the 75% of the deciding factors with credit being the remaining 25%.

**funding pro** · 04-17-2014, 11:27 AM

Originally Posted by Ryan Shiroky

I thought MCA was not supposed to be credit driven... if that is the case, then why are we busting these pplz credit up?

I thought you were a funder?

**Ryan Shiroky** · 04-17-2014, 12:45 PM

I am... i am simply stating that when i started in this business, credit had nothing to do with MCA, there are still funders that dont even pull for MCA... loans i totally understand credit having a part in pricing... idk, I was just airing out my frustrations really lol

Ocean, I know its not a deciding factor, but it plays a major part in pricing... at most funders...

**Scott Williams** · 04-17-2014, 12:49 PM

What funder doesn't pull personal credit on a MCA? I have never heard about that. I have heard brokers lie to merchants that they don't pull credit but then submit it to the funder and they of course do.

**Ryan Shiroky** · 04-17-2014, 01:16 PM

i am pretty sure MCG doesnt

**Chambo** · 04-17-2014, 01:33 PM

that is one...maybe

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Non credit driven financing?????

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