Misusing the NAMAA list?

**Advance Smart** · 12-15-2016, 10:20 AM

Anyone else find lenders misusing the NAMAA list as a retention tool? We just had a 2 day ordeal where one of the largest lenders in the cash advance world NAMAA tagged a merchant, then blatantly lied verbally twice that the merchant was in default when called to confirm only to find out the merchant was never in default and never even missed a single payment. It took proper ISO work like getting a pay history and getting the right people on the phone etc. to get his lender to finally admit "they made a mistake". Only in this industry.

Anyone else running into perfectly good merchants NAMAA tagged for the purpose of retention? Just curious how wide spread that practice really is.

**Michael I** · 12-15-2016, 10:24 AM

yes i had it once also . A lender namaa listed someone as fraud and then funded that a merchant a week later . The particular lender it happened with has a very good reputation and i do believe it was an honest mistake.

**soscap** · 12-15-2016, 11:58 AM

Originally Posted by Advance Smart

Anyone else find lenders misusing the NAMAA list as a retention tool? We just had a 2 day ordeal where one of the largest lenders in the cash advance world NAMAA tagged a merchant, then blatantly lied verbally twice that the merchant was in default when called to confirm only to find out the merchant was never in default and never even missed a single payment. It took proper ISO work like getting a pay history and getting the right people on the phone etc. to get his lender to finally admit "they made a mistake". Only in this industry.

Anyone else running into perfectly good merchants NAMAA tagged for the purpose of retention? Just curious how wide spread that practice really is.

Many funders are doing that... Best way to make sure you don't get stacked. I've also seen funders drop the payment amount for a few weeks to make it look like a slow pay.

**Michael I** · 12-15-2016, 12:08 PM

Originally Posted by soscap

Many funders are doing that... Best way to make sure you don't get stacked. I've also seen funders drop the payment amount for a few weeks to make it look like a slow pay.

how will that help with stacks ? i do not believe any stacker is on the namaa to check

**Eagle Funding** · 12-15-2016, 12:09 PM

Originally Posted by soscap

Many funders are doing that... Best way to make sure you don't get stacked. I've also seen funders drop the payment amount for a few weeks to make it look like a slow pay.

Your thinking is flawed, lenders who will stack on companies listed on NAMAA do not check the NAMAA list, so its an irrelevant point.

**soscap** · 12-15-2016, 12:13 PM

Originally Posted by Michael I

how will that help with stacks ? i do not believe any stacker is on the namaa to check

I believe there are... Also, people do this on DataMerch which has some NAMA functions

**mcaguru** · 12-15-2016, 12:41 PM

Originally Posted by soscap

Many funders are doing that... Best way to make sure you don't get stacked. I've also seen funders drop the payment amount for a few weeks to make it look like a slow pay.

I hate the stack word.

**soscap** · 12-15-2016, 12:56 PM

Originally Posted by mcaguru

I hate the stack word.

What do you prefer?

**Sean Cash** · 12-15-2016, 01:27 PM

Originally Posted by soscap

Many funders are doing that... Best way to make sure you don't get stacked. I've also seen funders drop the payment amount for a few weeks to make it look like a slow pay.

You sure it wasn't just a reconciliation per the merchant's sales variance?

**J.Celifarco** · 12-15-2016, 01:35 PM

Originally Posted by mcaguru

I hate the stack word.

why do you hate the stack word.. It describes an act, what would you prefer to call it. It is a stack

**Chambo** · 12-15-2016, 02:17 PM

Originally Posted by mcaguru

I hate the stack word.

Putting a dress on a pig doesn't change the fact that it is still a pig

**HDF** · 12-15-2016, 02:38 PM

Originally Posted by mcaguru

I hate the stack word.

Sorry it pains you so. When the term was first coined, there were other options offered. "Band-Aid", "Hail Mary", and "Death Trap" were shot down. So was "Rectal Exam".

Today there is a replacement term: a commonly used one -> "UCC"

**Kevin Henry-Seacoast** · 12-15-2016, 02:43 PM

Originally Posted by HDF

Sorry it pains you so. When the term was first coined, there were other options offered. "Band-Aid", "Hail Mary", and "Death Trap" were shot down. So was "Rectal Exam".

Today there is a replacement term: a commonly used one -> "UCC"

I see them as balance sheet death spirals......

**WestCoastFunding** · 12-15-2016, 03:40 PM

"Yeah, we stacked him, but we don't want to be stacked by anyone else."
Replace "stacked" with "f**ked" and it's much more entertaining.

**MCNetwork** · 12-15-2016, 04:51 PM

Originally Posted by mcaguru

I hate the stack word.

It used to be called "grasshoppered." That one sounds more benign.

**soscap** · 12-15-2016, 04:51 PM

Originally Posted by sean bash

You sure it wasn't just a reconciliation per the merchant's sales variance?

100% the funder told me that he does that.

**mcaguru** · 12-15-2016, 05:04 PM

Its funding a merchant.

**CO1** · 12-16-2016, 12:34 AM

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**CO1** · 12-16-2016, 12:38 AM

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**J.Celifarco** · 12-16-2016, 10:21 AM

Originally Posted by mcaguru

Its funding a merchant.

lipstick on a pig its a stack and I would have a lot more respect for people who did it if they owned up to what it is and just said we dont care if we screw over the 1st position bank we dont care if we f*ck the merchant all we care about is making our money.. say that and I will have more respect.. It is not funding a merchant the person who got there first did that

There are some second position deals that make sense they are still a stack but they make sense and dont kill the merchant or the first position funder. That said anyone who thinks a 2 month 1.45 or 3rd or 4th position actually helps a merchant you are crazy

**PRIMO CASH** · 12-16-2016, 10:46 AM

My visa stacked on my mastercard. My second mortgage stacked on my first mortgage. My wifes auto loan stacked on my auto loan. My student loans stacked on ALL of them! Happy Friday!!!!!

**MCNetwork** · 12-16-2016, 10:54 AM

My Crate and Barrel card stacked on my Home Depot card stacked on my Bloomingdale's card stacked on my Chase Sapphire VISA stacked on my American Express stacked on my Discover Card stacked on my Verizon Wireless bill stacked on my...

Stacking is the American Way. Don't be ashamed of it. Own the term!

**GlascoMCA** · 12-19-2016, 10:07 AM

Originally Posted by CO1

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