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05-11-2014, 04:31 PM #1
- Join Date
- May 2014
- Posts
- 7
Default Accounts reporting
I have a few default accounts and one who has applied for multiple loan simultaneously with two different lenders and got approved. I do file UCC's.
Is there some place where I can post their profile so other MCA lenders are made aware of them.
Any advise or comments will be appreciated.
Thank You.
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05-12-2014, 01:51 AM #2
- Join Date
- Mar 2014
- Posts
- 147
Default Accounts reporting
NAAMA, you can report to naama, they have a monthly service fee of approx $3000
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05-12-2014, 06:24 AM #3
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05-12-2014, 09:26 AM #4
I think we should start our own database here..... for free!!
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05-14-2014, 01:45 AM #5
- Join Date
- May 2014
- Posts
- 7
What a great idea!!!!
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05-14-2014, 09:37 AM #6
- Join Date
- Dec 2012
- Posts
- 116
It is a good idea, but you need scale to make it meaningful. Last time I checked, NAMAA has over 10,000 defaulted merchants in our database among the 20+ companies that report. We also track and report "suspicious" submissions (altered bank statements, phony landlords, lying about other cash advances/loans outstanding, etc.).
I'm not advocating for new members for NAMAA, just explaining what it takes to make a successful and valuable database of information.
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