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04-09-2020, 10:05 AM #1
Reputation points: 30747
- Join Date
- Aug 2016
- Posts
- 486
I agree that my app most likely will be deprioritized for now... When I 1st tried to apply there, I did get the msg saying I didn't not qualify due to not having a Credit Card or a Loan with them. The very next morning I wake up and scan through my google news feed and see the article about BOfA changing the requirement.. I then do the app again and it goes through and I get a confirmation number.. So if they did go by 1st in 1st out, I am pretty far down on the list, and if they are prioritizing apps by other criteria I am really far down on the list.
Since BofA is a bank can they technically consider me selling my future receivable as a loan? And if they did, does that mean a judge would also consider it a loan if I hand over BOFA findings to them. And if a judge considered it a loan, it would then be an illegal loan right? This would create all kind of problems if BofA put in writing that they have found that my advance is considered a loan. It could get even uglier for the MCA industry..Last edited by Winning; 04-09-2020 at 10:08 AM.
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