Explore expert insights and guidance on understanding and navigating debt.
Explore our articles to learn about debt relief, debt settlement, debt consolidation, and various ways to handle your credit card debt, business loans, and much more!
Are you far behind on your credit card payments? You may be worried that your credit card company will sue you. This is a very real possibility, especially if you owe a large amount and haven’t made any payments for more than six months. But how often do credit card companies sue for non-payment? The […]
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Having a charge-off on your credit report isn’t a great situation. For one, your credit score will suffer. Debt collectors can also call and message you constantly to get you to pay up for your delinquent debt. So, if you’re ready to resolve your charged-off debt once and for all, you might wonder: Should I […]
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Merchant cash advances, often called MCAs for short, can be a tempting offer for struggling small business owners. You don’t need excellent credit and can usually get funding fast. But they’re rarely a good idea for your business. MCAs can be an extremely expensive financing option, with some charging triple-digit interest rates. If your business […]
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It’s been impossible to ignore the effect of tariffs put into place by the current administrations throughout 2025. Groceries, gas, electronics — everything costs more than it did a year or two ago. As a result, more people are putting their everyday expenses on credit cards when they’re unable to cover them with their monthly […]
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Dealing with debt can feel overwhelming, and the stress of choosing the right attorney can add even more pressure to your situation. If you’re being sued for your debt or simply want an attorney to represent you in your debt settlement, it’s important to choose someone trustworthy with excellent reviews. Keep reading to learn what […]
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Did you know that debt cancellation is considered taxable income? If you had some or all of your debt forgiven by a creditor, you may receive a Form 1099-C. This is an important document that helps you report your cancelled debt on your taxes. Understanding 1099-C Debt Cancellation Form If you received a 1099-C in […]
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Quick Summary If you’re considering taking out a merchant cash advance or already have one, it’s important to understand how they work. MCAs work differently from traditional bank loans in that they’re tied to your business sales and are often much more costly. Contract terms like personal guarantees and confessions of judgment create serious legal […]
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Quick Summary: Yes, merchant cash advances are legal. However, because MCAs are structured as purchases of future receivables rather than loans, they aren’t subject to state usury laws or the same consumer protections that apply to traditional business funding. This lack of regulation allows for high fees, aggressive collection tactics, and contract terms like confessions […]
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Quick Summary: MCA reverse consolidation doesn’t pay off your merchant cash advance debt. It adds more debt on top of it. A reverse consolidation lender funds your existing MCA payments weekly while you repay them at a lower amount over a longer term. While this reduces immediate cash flow pressure, you’ll owe more total and […]
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There are few things more heart-stopping than logging into your bank account, only to realize it’s been frozen. Not only can you not access your money, but your bills also go unpaid due to insufficient funds in your account. Unfortunately, credit card companies can freeze your bank account, but only after taking certain legal steps. […]
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When managing credit card debt, many people worry about the potential consequences of unpaid balances. One of the most severe actions a credit card company can take is placing a judgment lien on your real property — a situation that has many negative consequences and challenges. Read on to learn how a credit card company […]
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Inflation has become a significant challenge for American consumers and businesses, driving up the cost of goods and services across the economy. From groceries and housing to basic needs like healthcare, rising prices are putting financial strain on consumers nationwide. The Federal Reserve has responded to inflation by raising interest rates, creating a ripple effect […]
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Quick Summary Seeing a charged-off debt on your credit report can be alarming, but it’s important to understand what it means. A charge-off doesn’t mean your debt has been forgiven; it’s simply an accounting tool for creditors. It’s important to understand the possible downsides of both paying and not paying the debt, and a debt […]
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Quick Summary Credit card debt settlement usually takes between two and four years for full debt settlement, but an individual account could take just a few weeks or months. Your exact timeline will depend on how much you owe, how many accounts you have, and how far behind you are in payments and how much […]
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Quick Summary: Yes, you can be sued for a charged-off debt. A charge-off does not mean the debt is forgiven. It means the original creditor gave up on collecting and wrote it off as a loss, but they can still sell the debt to a collection agency or sue you themselves. If the creditor wins […]
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Your initial phone consultation is free and requires no commitment!
A team member will respond within 1 business day. Your free consultation phone call may not be with an attorney and does not include legal advice. This is limited to the first call on a new matter.
Your initial phone consultation is free and requires no commitment!
A team member will respond within 1 business day. Your free consultation phone call may not be with an attorney and does not include legal advice. This is limited to the first call on a new matter.
A Tayne Law team member will respond within
1 business day.
Call (866) 890-7337