[GSilverman]

"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."

The bad deals in their Book of Business probably aren't being paid off by competitors. Why would a competitor pay off a deal in default? MeThinks - The good deals are being paid off.

[mcg168]

"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."

The bad deals in their Book of Business probably aren't being paid off by competitors. Why would a competitor pay off a deal in default? MeThinks - The good deals are being paid off.

No doubt good deals are being paid off as well. But there are deals that are in default with CAN and the competitor has no way of knowing they are in default with CAN (lowered payments, ACH information isnt valid, slow paying, ect)

Even still, i have seen competitors paying off CAN balances when the merchant is on a weekly settlement agreement. Or the merchant has been non performing for over 3 months so no CAN payments are showing in the bank statement. Theres a TON of available deals out there, and people are funding good and bad ones.