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02-19-2023, 07:42 PM #17
- Join Date
- Oct 2020
- Posts
- 91
Nah. Definitely slowed down. Yes there may be more applications coming through due to banks tightening uo but I am seeing a huge increase in delines and most of my funders tightening up. Rapid was approving everything prior to January and since then havent even seen one approval, even on qualified renewals. Wouldnt be suprised to find out they stopped funding altogether. IOU , CAN and a good portion of my A paper funders have a similar decline rate. Bottom line is the defaults rates are insane accross the board. Whoever hasnt slowed down yet will do so shortly. good news is We got through covid, well get through this god willing
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