[umaharaj]

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.

[Eddie.deangelis]

NAAMA, you can report to naama, they have a monthly service fee of approx $3000

[CASHCASH]

3k a month, is this accurate? What does this money go towards, or is it just for the exclusivity of this information?

NAAMA, you can report to naama, they have a monthly service fee of approx $3000

[Regium]

I think we should start our own database here..... for free!!

[umaharaj]

What a great idea!!!!

[jbrown]

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.