[J.Celifarco]

Lol I feel like I have seen HFG on every crappy deal I come across. But I am no-one to judge, I personally do not deal with this type of paper either but that doesn't give me the right to call anyone a bottom feeder.

Apparently you feel entitled enough to judge, so what do you suggest someone with a 500 credit score do if they need a set amount of money and they can only get it by combining a few positions ?

Do you suggest they just go out of business?

I understand your position, and why some funders hate this, if you are in a priority position, but then again you are in a priority position, if you underwrote correctly you will have no issues recovering your capital.

Many times these added positions keep the merchant a-float and lets the first and second position get paid.

But back to my original question, do you suggest that people are banned from any options if they have crappy credentials, let them die out because they are not as qualified and well capitalized as you?

LOL wow do you have the wrong company. First of all we are an ISO so doubt you can see us on any deal. Second of all ask anyone on this forum who knows us they know we don't touch these deals. We are 80% probably higher first position deals and nothing really over a second. So before assuming you know who I am you don't

To your other points there is no situation where a 4th, 5th or higher position in anyway helps the client. You are hurting the business more than they already are and putting a nail in their coffin for the hopes of making a little money. If you had a solution for the client that would actually help them then yes you should try, but 20k over 30 days at a 1.50 does not help someone. The best thing to tell that person is that another position will not help you and that they should look into other options. Dont try to justify these programs because there is no way that they can help any company ever. The couple of dollars you make on the file gives the entire industry a bad name and puts targets on all of our backs for regulators.