Furniture Store credit below 450 35k in gross sales a month

**skideeppow** · 10-27-2016, 12:30 PM

I have this guy 25k in cc, 35k gross sales, Credit is hammered. No one is approving. Yellowstone declined.
Anyone able to do a deal with this credit?

**asharaby** · 10-27-2016, 01:32 PM

Did they decline just because of credit? Send it to me we fund deals like that all the time asharaby@rdmcapitalfunding.com
Avraham Sharaby
VP of ISO Relations

RDM Capital Funding
777 Passaic Ave, Suite 375
Clifton, NJ 07012

Phone: 973-500-6692
Fax: 973-241-3193
Cell 443-416-2765
Asharaby@RDMCapitalFunding.com
www.RDMCapitalFunding.com

**Synergy Funding** · 10-27-2016, 01:34 PM

Contact me and we'll push it through..No worries. When you call, mention you're from directfunder so they put you through to me ASAP.

Kyle Readdick, CEO
Synergy Direct Funding
2525 Camino del Rio S
San Diego, CA 92108
p: [866]428-0172 | f: [888]372-6007
w: http://synergydirectfunding.com

**WhoisKingsley** · 10-27-2016, 01:49 PM

Is the number the issue or what's on the credit that is? If so- Of course they would decline because this merchant shows signs of defaulting and won't pay back.

What CC do they process with? Started MCA off of the processing? If they don't want to supply the credit report- a Starter ACH will run 5-8k for 30-45 days.

Or how about you find out what's bad on the report and see if you can assist... in less than 3 months you can get him something better... If there is negative impacts on the report and the Business is having issues with suppliers etc. I can assist. There is a lot of negativity around the word "debt negotiation" but sometimes it is necessary for Businesses to explore this when it impacts their personal credit.

**Eagle Funding** · 10-27-2016, 02:13 PM

If credit was the only issue, we will have no problem funding this client, shoot me a call.

**skideeppow** · 10-27-2016, 02:24 PM

child support is one, I dont know the others.

**WhoisKingsley** · 10-27-2016, 02:29 PM

That's a big one...

**nrh1lp** · 10-27-2016, 03:36 PM

If Yellowstone won't touch it I would move on to the next one. Like Amanda said, that is a big deal

**Michael I** · 10-27-2016, 03:53 PM

empire is always on here saying they dont check credit . give them a shot and let us know what happens

**skideeppow** · 10-27-2016, 05:16 PM

so its child support and no open lines, that is what his credit shows.

**Zach** · 10-27-2016, 05:21 PM

That's tough.

**WhoisKingsley** · 10-28-2016, 08:44 AM

There are no credit products off of the processing... but I have a feeling the processing isn't under the owners name. If so- if was done before the credit issues.

Do a credit processing analysis and see what the rate is- you may be able to switch the processing and get a starter mca. In that time try to get him help with the credit and per state- find out what the options are to pay a % towards the child support owed and have him review a payment plan (or if currently doing so: documented proof may help).

**AdvanceFund** · 10-28-2016, 11:28 AM

Originally Posted by skideeppow

I have this guy 25k in cc, 35k gross sales, Credit is hammered. No one is approving. Yellowstone declined.
Anyone able to do a deal with this credit?

Not sure what the other guys can do here but we fund low 400s credit.

**KM_Superior** · 10-28-2016, 12:17 PM

Originally Posted by skideeppow

I have this guy 25k in cc, 35k gross sales, Credit is hammered. No one is approving. Yellowstone declined.
Anyone able to do a deal with this credit?

We do not decline based on credit score alone.

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