[Ben_p]

Ben why do you feel it's a scumbag move if you can help the merchant with a more affordable payment? Yes the duration is now longer but the merchants payments would be less.

because i take the risk on the merchant and will not be able to renew him/her if they go on a reverse. 95% of lenders out there would agree with me on this

**** SILVERLINE, GFE, G AND G, PERMIER AND ANY OTHER ASSHOLE RUINING MY DEALS

[PROVENTURE_CAP]

because i take the risk on the merchant and will not be able to renew him/her if they go on a reverse. 95% of lenders out there would agree with me on this

**** SILVERLINE, GFE, G AND G, PERMIER AND ANY OTHER ASSHOLE RUINING MY DEALS

This makes no sense whatsoever. Reverse helps funding company get paid by giving merchant savings.

[Ben_p]

This makes no sense whatsoever. Reverse helps funding company get paid by giving merchant savings.

Yes it helps me get paid and thats great but I can't renew the merchant. I don't see how that makes no sense.

[LULUADAM]

If the merchant can't make payments to you then you cant renew him either

[ryan $]

Yes it helps me get paid and thats great but I can't renew the merchant. I don't see how that makes no sense.

Yea I was butthurt when Pearl and YS started stacking merchants in splits with ACH Products over a decade ago.

I didn't cry about it. I realized instead of Renewing a merchant 2-4 times a year. I can stack them way more times than that.

Then do a reverse. That Client has become more Valuable to me because there are more options at my disposal.

Where do you draw the line? Why is a Reverse BAD, but a 2nd is okay? A 2nd ruins renewals with 1st position funders anyway, so your decent 2nd position funders are thorns in the side of 1st Position only lenders, and the 1st funders are *****ing at the 2nd funders.

Ill put my money into a deal and let someone reverse it NO PROBLEM. It is giving them the money each week to cover my payment.

As a broker/funder its my job is to work every deal I can. If a deal comes in and their only option is a reverse, thats what they are going to be offered. As brokers your job is to present the best option for the merchant. When a merchant has 3 positions and wants to consolidate, sure submit it to 1st Position lenders that would even entertain paying off 3 positions, but most likely you can only get a 4th or a Reverse.

My point is.... everything is about perception.... you say if brokers do a reverse they are scumbags. Bankers say all MCA's are scumbags.

I say, I'll give the best option I can to a Merchant. Whatever it is. Its up to the Merchant to decide to take it or not. It's their business, Not yours. I'm not a f*cking credit counselor, I sell Cash Advances.

The Grass is always Greener

[ectorro]

because i take the risk on the merchant and will not be able to renew him/her if they go on a reverse. 95% of lenders out there would agree with me on this

**** SILVERLINE, GFE, G AND G, PERMIER AND ANY OTHER ASSHOLE RUINING MY DEALS

Obviously it sucks when your deal gets put into a reverse and can't renew but I'd rather the deal go into a reverse and they make their payments than a default.

[Ben_p]

Obviously it sucks when your deal gets put into a reverse and can't renew but I'd rather the deal go into a reverse and they make their payments than a default.

if my deal gets stacked up and starts taking those dog **** 30 day deals then obviously i would hope that he gets on a reverse so i can get out of the deal. im talking about my 2014 active deals that dont even need a reverse. it totally blows that i get bullied out of them. That being said, i like u guys over at Torro and i hope u crush it this month.

[ectorro]

if my deal gets stacked up and starts taking those dog **** 30 day deals then obviously i would hope that he gets on a reverse so i can get out of the deal. im talking about my 2014 active deals that dont even need a reverse. it totally blows that i get bullied out of them. That being said, i like u guys over at Torro and i hope u crush it this month.

Appreciate that.

[SmartAdvanced]

if my deal gets stacked up and starts taking those dog **** 30 day deals then obviously i would hope that he gets on a reverse so i can get out of the deal. im talking about my 2014 active deals that dont even need a reverse. it totally blows that i get bullied out of them. That being said, i like u guys over at Torro and i hope u crush it this month.

I’ve seen default files get 120 day offers. So at this point, if a merchant defaults he can still get decent offers Post Defaulting. Rinse repeat

[LULUADAM]

Which funders have you seen that have funded a business that defaulted in the past (knowing about it) 120 days?

[Ben_p]

Which funders have you seen that have funded a business that defaulted in the past (knowing about it) 120 days?

i see EBF fund my open defaults the most. KNIGHT would be second place