Lendistry Charging Up Front Fees
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  1. 03-12-2018, 06:35 PM #1
    Karen37a
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    If you charge upfront fees its a great way to get the FTC breathing down your neck also breaking rules on credit, they could block you from pulling credit reports in the future...pull your processing account too.
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  2. 03-12-2018, 06:57 PM #2
    kturner317
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    Quote Originally Posted by karen37a View Post
    if you charge upfront fees its a great way to get the ftc breathing down your neck also breaking rules on credit, they could block you from pulling credit reports in the future...pull your processing account too.
    agreed.
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  3. 03-12-2018, 07:01 PM #3
    kturner317
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    Who else offers monthly payment business loans besides Lendistry and Funding Circle? I know Breakout does as well but they really offer a monthly payment working capital product, not a true business loan, and Funding Circle seems like they are about to go in the tank.

    Who else is out there?
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  4. 03-12-2018, 08:00 PM #4
    WestCoastFunding
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    Quote Originally Posted by kturner317 View Post
    Who else offers monthly payment business loans besides Lendistry and Funding Circle? I know Breakout does as well but they really offer a monthly payment working capital product, not a true business loan, and Funding Circle seems like they are about to go in the tank.

    Who else is out there?
    Outside of the banks, really no one large-mainstream. Some private money. But stacking has put too much risk on these types of lenders.
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  5. 03-13-2018, 06:33 PM #5
    Sachip24
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    Quote Originally Posted by kturner317 View Post
    Who else offers monthly payment business loans besides Lendistry and Funding Circle? I know Breakout does as well but they really offer a monthly payment working capital product, not a true business loan, and Funding Circle seems like they are about to go in the tank.

    Who else is out there?
    YOu can try LQD although hard to qualify I have not had any luck with approvals there yet. If merchant has real estate with Equity you can try Lift Forward. Sean is sometimes on here I forgot his handle, he is stand up guy though working deal with him now actually very nice one too.
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  6. 03-13-2018, 08:15 PM #6
    kturner317
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    Quote Originally Posted by Sachip24 View Post
    YOu can try LQD although hard to qualify I have not had any luck with approvals there yet. If merchant has real estate with Equity you can try Lift Forward. Sean is sometimes on here I forgot his handle, he is stand up guy though working deal with him now actually very nice one too.
    Good info thanks!
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  7. 03-14-2018, 08:37 AM #7
    Karen37a
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    Quote Originally Posted by kturner317 View Post
    Good info thanks!
    yes ...try lift forward. I am sure they will message yuo if they see this
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