Merchant Cash Advance FAQ: What You Need to Know

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Merchant cash advances are a short-term form of business financing. In this merchant cash advance FAQ, you’ll learn about how they work, the repayment terms you’ll want to watch out for and how to protect yourself and your business from predatory practices. How Do Merchant Cash Advances Work? A merchant cash advance, MCA for short, […]

Merchant Cash Advance Pros and Cons

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Merchant cash advances can provide quick and easy cash for small businesses that have ongoing sales but need cash right now. But like any other financing option for your small business, there are both benefits and drawbacks to using a merchant cash advance (MCA). Understanding merchant cash advance pros and cons can give you the […]

Merchant Cash Advance vs. Bank Loan: 5 Key Differences

black woman with apron standing in storefront

If you need funding for your small business, there are many financing options. Depending on your situation, needs and goals, you may be considering a merchant cash advance (MCA) or a bank loan. Before signing away for the funds, it’s important to note that the two options couldn’t be more different in many ways. Here […]

How Long Does Debt Settlement Stay on Your Credit Report?

how long does debt settlement stay on your credit report

If you were recently in over your head with debt, you may have negotiated a debt settlement with your creditors. That likely provided much-needed financial relief. But now, you might be wondering how that settlement affected your credit score — and how long it will stay on your credit report. Here’s what you need to […]

What Happens with a Merchant Cash Advance Breach of Contract Lawsuit?

merchant cash advance breach of contract

As with a small business loan, a merchant cash advance (MCA) involves a contract between you and your provider. If you stop making your payments, it could result in a merchant cash advance breach of contract, and the MCA lender could sue you. Dealing with merchant cash advance legal issues can be a pain for […]

Should You Hire a Lawyer if a Credit Card Company Sues You?

credit card debt lawyer

Struggling with credit card debt can be stressful enough. Being sued by your credit card company can feel downright scary. Plus, you might not know what to do next. One of your options is hiring a credit card debt lawyer. But you might be wondering if doing so is necessary — or worth it. You […]

How to Get out of Credit Card Debt Without Paying the Full Balance

how to get out of credit card debt

Credit cards can be helpful tools for managing your cash flow and earning rewards. However, it’s also easy to rack up a big balance. According to the Federal Reserve, credit card interest rates are also pretty high; the average is 14.51%. Meaning the more credit card debt you accumulate, the harder it becomes to pay it […]