[WALLFUND]

Jotucker ,
That's exactly what he's saying in fact what he's truly saying is if the merchant gets approved for 75k and has balances of 75k they will just payoff the stacks and the merchant would net $0 ,,,, I did a deal with them where the contract was for $250k and the merchant netted $296.50 crazy as it seems but they did the deal

[jotucker1983]

WallFund,

Well, I will reach out to them to see what their program looks like. They are relatively new, is that correct? Their SOS information only dates back to March or April of this year, and their website was created in late January. But nevertheless, if they are doing real consolidations I would like to take a look at it.

If they are going to take a merchant with 3 stacks for example, with average payback duration of 6 months (which means the 3 stacks are killing his cashflow), and do a true consolidation by paying off those 3 stacks and putting him at maybe a 18 month term or 24 month term to reduce his payments, then that works. That's a true consolidation.

I've just never seen anybody do this without requiring about a 50% "net" receipt of funds at pay-out, which leaves a lot of merchants stuck in these situations until they pay their balances down.