[CreditGuy]

What data? The funding world has gone through rapid evolution. Pre-2015 data is moldy due to many factors, including - merchants stacking 2-4 positions and a growing willingness of merchants willing to walk. Good data exists in the MCA - Credit Card split world. Bad data exists in the the post Credit Card split world.

Okay. You've now convinced me that you know very little about which you are speaking. Thanks for playing.

[GSilverman]

We shall see over the next few weeks.

[GSilverman]

What has been the weekly attrition rate over the past 7 weeks of inactivity? What % of their book has fallen off? Defaults must be spiking. Credit Guy has the answers.

[mcg168]

What has been the weekly attrition rate over the past 7 weeks of inactivity? What % of their book has fallen off? Defaults must be spiking. Credit Guy has the answers.

Who says defaults are spiking in the last 7 weeks?? All of their employees who are still working there (well above 100 btw) have been moved to customer service or collections.

The amount paid off by competitors is mind boggling. In my opinion, the competitors paying off their balances has helped bail them out of their current situation and also take some bad deals off their book.

[GSilverman]

MCG168 - Estimate the size of their book Nov 2016 vs Feb 2017

[mcg168]

MCG168 - Estimate the size of their book Nov 2016 vs Feb 2017

Funding on new deals wasnt turned off till late November...renewals a week after that. Prob somewhere around $35,000,000 from Nov 1 - Jan 18th