Par funding executives have been through allot recently, including according to court documents, making physical threats of violence to reduce default rates according to allegations in court documents.
So after spending hours reading the legal complaint court document, I have all the Juicy details for you!
First of all, some background, the subject of this article is the multi million dollar MCA funder known as Par funding,
who touted an amazing "1 percent default rate" to its investors according to the legal complaint on all business funding deals , and steady monthly paid interest payments to investors at 1% per month often.
Court Documents state 1 % default is from "onsite inspections" according to managment from Par Funding, also in court documents merchants alleged that Par funding "sent someone to visit me was when...... threatened me with physical violence after I missed payments.”
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