confirmed- par raided by fbi
Need a Funder or Vendor? START HERE

Results 1 to 25 of 179

Hybrid View

  1. #1
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,318

    Man, so that means Par isn’t able to make reverse consolidation deposits to the merchants to cover the merchants’ MCA debt?

  2. #2
    Senior Member Reputation points: 198007
    Join Date
    Mar 2017
    Location
    Nunya
    Posts
    830

    Quote Originally Posted by WestCoastFunding View Post
    Man, so that means Par isn’t able to make reverse consolidation deposits to the merchants to cover the merchants’ MCA debt?
    Domino effect...

  3. #3
    Senior Member Reputation points: 203690
    Join Date
    Jan 2014
    Posts
    1,366

    Quote Originally Posted by WestCoastFunding View Post
    Man, so that means Par isn’t able to make reverse consolidation deposits to the merchants to cover the merchants’ MCA debt?
    Correct, no weekly deposits on their reverses currently or debits and no one is in the office to pick up the phone so merchants have no clue wtf is going on. I have feeling this is going to cause a huge mess for anyone currently with Par in their reverses or mca's or have Par in statements and looking for money elsewhere since no one knows how it will play out underwriting a file with Par in statements currently is very gray area



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Cloudsquare: 14 new lender APIs
FundKite survey finds 77%
Ocrolus / Dragin partner


DIRECTORY