[ridextreme]

and why is that ? leave aside ethics , if nothing hits their credit and they get a zero balance letter . Which lender wont approve it ?

because they will still owe CAN 12K, and CAN already said they will not provide a zero balance letter unless it's paid. And settling for less than the agreed total is even worse then not getting a payoff letter. They will never be able to get money again.

[Funder Mark]

because they will still owe CAN 12K, and CAN already said they will not provide a zero balance letter unless it's paid. And settling for less than the agreed total is even worse then not getting a payoff letter. They will never be able to get money again.

If it was a cash advance, then CAN bought their future earnings at a discount, and now the merchant bought the future earnings back at a discount.

[ridextreme]

If it was a cash advance, then CAN bought their future earnings at a discount, and now the merchant bought the future earnings back at a discount.

lol try to explain that when that stip comes up in his next funding