Merchant Cash Advance Lawsuit What to Expect if You Are Served with a Lawsuit by Your MCA Lender If you have defaulted on an MCA, here’s what can generally be expected if a business is served with a lawsuit by an MCA lender (we will assume you signed a personal guarantee): 1. Receipt of a…
Consolidate Merchant Cash Advances Merchant Cash Advances can be deceivingly attractive to businesses, offering a lump sum payment and quick access to cash. Still, it’s important to remember that they can also be incredibly costly. Interest rates can be high, and the repayment terms are often inflexible and unforgiving. Understanding the Risks of Merchant Cash…
MCA Debt Advisors Evaluating the credentials and experience of any individual or company you are considering for debt management, negotiation, or protection services is crucial. Some attorneys may have attended law school, but they may need to gain the unique knowledge and experience necessary to assist a business in dealing with debt negotiation, debt settlement,…
MCA Industry What is an MCA – Merchant Cash Advance? An MCA or Merchant Cash Advance is a type of alternative financing offered by lenders to business owners who may not qualify for traditional bank loans. The cash total of an MCA is based on a percentage calculation of the business’s future revenue or receivables…
Cash Advance Settlement What is Cash Advance Settlement? Business Cash Advance Settlement is a process of resolving debt that has been taken out through a Merchant Cash Advance (MCA). This type of financing allows businesses to receive a lump sum of money in exchange for future debit or credit card sales. The settlement typically involves…
Understanding Business Debt Relief Understanding business debt relief means that regular payments can stop, allowing the business to return to positive cash flow. The most significant relief from debt comes from eliminating most of it through a single paid settlement. The business owner can use part of the freed-up cash flow to set money aside…
Business Loan Consolidation There are several benefits to consolidating your business loans. First, you’ll have a single monthly payment, making budgeting easier. You may also be eligible for a lower interest rate and only have to deal with one set of terms and conditions. Additionally, consolidating your loans may improve your credit score since it…
Cash Advance Lawsuit A merchant cash advance lawsuit is a legal action taken by a lender against a borrower for failure to pay back a loan. Generally, when a borrower does not make payments or fails to comply with the terms of the agreement, then the lender may pursue legal action in order to collect…
Servicing Merchant Cash Advance Debt As a business owner, you may have obtained a merchant cash advance (MCA) to help cover some of your expenses. An MCA is a short-term loan that is repaid through a set percentage of your future credit card sales or other receivables. If you’re experiencing difficulty making your MCA payments,…
Business Debt Consolidation Running a business is no easy feat, especially if you’ve taken out several loans to help finance it. But while juggling different due dates, interest rates, and balances may seem overwhelming at first glance, there’s always an option for debt consolidation – which can simplify the repayment process while saving money in…