Quote Originally Posted by J.Celifarco View Post
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.
Thank you, John! You're absolutely right here. There is no scenario where a merchant having over 3 open positions makes any sense. These SCUM LENDERS (you know who you are, get ****ed), that come in past the 3rd position are the reason why the MCA industry is getting unnecessary attention from lawmakers when you see people like ESENOW, for example, putting out $5k $749/day deals. There is no renewal game on positions like this and lenders like this give a bad name to the industry.