Quote Originally Posted by NoBigDeal View Post
What do you mean by behavior towards the merchant?
"According to the affidavit of Pearl's Head of Underwriting, submitted in support of the motion for default, the ledger annexed to that motion "shows that defendants began with a total of loaned funds of $13,050.00,[FN2] against which they paid a total of $6,734.00, leaving a balance due of $6,316.00, to which - per the agreement - has been added check bounce fees of $665.00 and the contractual default fee of $2,500, making a total due to $9,481.00." Plaintiff also claimed entitlement, under Agreement ¶ 3.4, to recover any costs associated with this action, plus reasonable attorney fees in the amount of $3,160.00. Plaintiff also alleged that defendant Neely guaranteed defendant RDN's performance under the Agreement." shows that defendants began with a total of loaned funds. Also, on the funding call the underwriter used the term "loan"