Results 1 to 23 of 23
Threaded View
-
12-15-2016, 10:20 AM #1
Misusing the NAMAA list?
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.
Similar Threads
-
Guy on Namaa List trying to fund
By skideeppow in forum Merchant Cash AdvanceReplies: 34Last Post: 10-28-2015, 09:19 AM -
auto dealership on the namaa list, A paper work 100k
By Nick Stone in forum Deal BinReplies: 3Last Post: 03-13-2015, 01:09 PM -
NAMAA Listed merchant
By bostriba in forum Merchant Cash AdvanceReplies: 11Last Post: 01-09-2015, 01:58 PM -
Unjustified NAMAA Tag
By GMFunding in forum Merchant Cash AdvanceReplies: 13Last Post: 08-04-2014, 03:45 PM -
Namaa initiates no stacking policy for lenders: Who is namaa?????
By 1StopFunding in forum Merchant Cash AdvanceReplies: 11Last Post: 04-15-2014, 09:48 AM