[soscap]

Is it true that CAN is capped at 3mill a week?

[mcaguru]

Is it true that CAN is capped at 3mill a week?

Sounds to little our space we got players doing that amount

[Chambo]

Is it true that CAN is capped at 3mill a week?

I heard that CAN's financiers capped them as well. Turned the faucet WAY DOWN

[ridextreme]

I heard that CAN's financiers capped them as well. Turned the faucet WAY DOWN

does this mean they're going to be a lot more picky on approvals

[soscap]

does this mean they're going to be a lot more picky on approvals

I'm sure that if they only have 3 mill to utilize they will only pick the best of the best

[jake2276]

I'm sure that if they only have 3 mill to utilize they will only pick the best of the best

they have stopped all D paper.

[anonymous]

they have stopped all D paper.

so they're out of business then? are you suggesting that Knight offers A-B paper?

[soscap]

they have stopped all D paper.

CAN never did D paper. At least not the definition of what I think D paper is. What do you consider D paper?

[anonymous]

does this mean they're going to be a lot more picky on approvals

It means you're no longer selling 1.21's to a guy with 500 credit and half a dozen negative days lol. I watched for the past year as they wrote these [beyond] ridiculous deals. Only a matter of time, pioneer or not.

[soscap]

It means you're no longer selling 1.21's to a guy with 500 credit and half a dozen negative days lol. I watched for the past year as they wrote these [beyond] ridiculous deals. Only a matter of time, pioneer or not.

That's always an issue wth outside investors; the need to push money out the door to increase your numbers... when in truth the only increase that'll occur that counts is in the default rate.

[jake2276]

That's always an issue wth outside investors; the need to push money out the door to increase your numbers... when in truth the only increase that'll occur that counts is in the default rate.

d paper for them is, worse industry and lower credit scores.

[anonymous]

That's always an issue wth outside investors; the need to push money out the door to increase your numbers...

If I were an inside investor, which I'm not and never would be: I'd be far more concerned with performance than volume. Otherwise you're pitching investors on the fact that you can lose more money, faster than anyone else in the space lol. Give me performing deals and controlled growth, as the market is far too volatile for anything else (IMO). All these dramatic shifts in the A-Paper space makes my head spin. It is essentially the funder advertising that they really don't have this stuff figured out yet. Which is slightly concerning, because it really isn't that complicated, and the returns are fantastic! lol

[soscap]

If I were an inside investor, which I'm not and never would be: I'd be far more concerned with performance than volume. Otherwise you're pitching investors on the fact that you can lose more money, faster than anyone else in the space lol. Give me performing deals and controlled growth, as the market is far too volatile for anything else (IMO). All these dramatic shifts in the A-Paper space makes my head spin. It is essentially the funder advertising that they really don't have this stuff figured out yet. Which is slightly concerning, because it really isn't that complicated, and the returns are fantastic! lol

If only everybody had the same logic as you this space would be so much better off... There are so many ways to present a default rate to your investors. It's really not that difficult to make it look like it's all flowing in the right direction.