Why Your Credit Score May Drop after Paying off Debt
Paying off a loan or credit card balance is a big accomplishment. But you might not feel like celebrating if you check your credit score, only to find that it’s dropped after knocking out that debt. After all, your creditors want to be paid back, so why would you be penalized? Before you get too […]
Can You Consolidate MCA Loans? (And Why You Might Not Want To)
If you’re struggling with merchant cash advance (MCA) debt, you may be tempted to look into a way to consolidate MCA loans to get some relief. Merchant cash consolidation might seem like a helpful way to manage your current debt and make it out with your business intact. But these transactions can ultimately make things […]
What to Do if MCA Lender Files a UCC Lien Against You
If you’ve taken out a merchant cash advance (MCA), you may already have an MCA UCC lien on your business credit reports. While this is typical for MCAs and other forms of business financing, it could impact your ability to get credit in the future. This is especially the case if the information in the […]
