[SFC]

Can anyone recommend a decent (if you could even call any of them that) default lender?
Thanks for your help.

Josh Kinder at Madison - josh@madisoncapitalfund.org
He really does fund defaults. I don't get it.

[KINGCASH]

Josh Kinder at Madison - josh@madisoncapitalfund.org
He really does fund defaults. I don't get it.

Out of curiosity (3 years later, yes), but would you still vouch for them?

We have a merchant who's been paying like a champ
Phenomenal credit score, great rev, no defaults- why fund there you may ask?- Auto
The merchant insisted on moving with a "higher risk" option, although they knew they were most likely capable of better- so we proceeded
Not a missed payment, however, we literally chased the funder to continue on with the option they put out per the agreement. We literally pleaded with the merchant to hold off on stop payment request while simultaneously asking the funder to proceed with remainder of agreed upon so the merchant (although not one issue occurred on the merchants side), there was a major lack/delay in proceeding with their initial agreement (already funded, but remaining agreed upon was to be disbursed after initial was completed)

They refuse to pay commission, have sent MTD multiple times showing clean payment history with merchant and Madison- of course they receive notifications on their end regardless.

We have a reputation to keep, I have a reputation to keep, and is just straight thievery

A few things to point out here-

We have reached out for weeks inquiring before submitting this post
We were contemplating a new post, but figured we'd give benefit of doubt and hear from those that may have backed them in past
"Kevin", who we're well aware is the "rep" for Madison and many others (we choose not to name other DBAs or entity's[whichever of the two it may be]), we've decided to post solely with the entity/DBA we are having current issue with.

We have a mountain of email correspondence, SMS, etc. backing the above we're pointing out if need be

Bottom line- we got screwed after delivering a very promising merchant, promises from funder/"rep" to pay commissions, and much more to the story we're opting not to disclose. Again, if need be, we have the entire chain of events, but just wanting to shed light on this particular situation

End of day, we don't harp on circumstances like this. We don't have much time to chase, but for the blatantness, and our rep that busted their ass, felt it was necessary to release

Happy funding, All

[goatFunding]

Out of curiosity (3 years later, yes), but would you still vouch for them?

We have a merchant who's been paying like a champ
Phenomenal credit score, great rev, no defaults- why fund there you may ask?- Auto
The merchant insisted on moving with a "higher risk" option, although they knew they were most likely capable of better- so we proceeded
Not a missed payment, however, we literally chased the funder to continue on with the option they put out per the agreement. We literally pleaded with the merchant to hold off on stop payment request while simultaneously asking the funder to proceed with remainder of agreed upon so the merchant (although not one issue occurred on the merchants side), there was a major lack/delay in proceeding with their initial agreement (already funded, but remaining agreed upon was to be disbursed after initial was completed)

They refuse to pay commission, have sent MTD multiple times showing clean payment history with merchant and Madison- of course they receive notifications on their end regardless.

We have a reputation to keep, I have a reputation to keep, and is just straight thievery

A few things to point out here-

We have reached out for weeks inquiring before submitting this post
We were contemplating a new post, but figured we'd give benefit of doubt and hear from those that may have backed them in past
"Kevin", who we're well aware is the "rep" for Madison and many others (we choose not to name other DBAs or entity's[whichever of the two it may be]), we've decided to post solely with the entity/DBA we are having current issue with.

We have a mountain of email correspondence, SMS, etc. backing the above we're pointing out if need be

Bottom line- we got screwed after delivering a very promising merchant, promises from funder/"rep" to pay commissions, and much more to the story we're opting not to disclose. Again, if need be, we have the entire chain of events, but just wanting to shed light on this particular situation

End of day, we don't harp on circumstances like this. We don't have much time to chase, but for the blatantness, and our rep that busted their ass, felt it was necessary to release

Happy funding, All

Not going to go into details of my dealings with the mentioned person. He is is the reason I am pro-regulation. Ill leave it at that.

[reversefunder]

these kids are a dime a dozen