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Originally Posted by Mutt
can somebody explain this to me? maybe it's obvious but i just want to make sure what they mean by the above.
thanks
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Hi Mutt
I believe what Steve is saying is:
if your monthly volume is 200k
they hold back 10% of each payout until they have accumulated 100k of it.
After they have that amount they reduce to 0% until such time as your rolling begins to payout and they need to recoup again OR if your volumes increase overall.
jfyi there is only one other US bank still taking adult high risk applications, they have 0% reserve. However they prefer lesser volumes than Humbolt
lemme know if you have more questions, I don't mind answering even if you aren't my client
edited to add: after shock beat me to it and is right on the money!