By Leslie H. Tayne, Esq.
December 30, 2022
If you have credit card debt or student loans but you have some retirement savings, there’s a good chance that you’ve thought about borrowing from a 401(k) to pay off debt. While borrowing from your retirement account is certainly an option, like any other financial decision, it does come with its own pros and cons. […]
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By Leslie H. Tayne, Esq.
December 30, 2022
Getting in over your head with debt can be scary, especially if debt collectors have threatened to sue you. However, you have certain rights and protections as a borrower that are important to know. That includes the statute of limitations on debt, which varies by state. So if you’re a New York state resident facing […]
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By Leslie H. Tayne, Esq.
November 30, 2022
Whether you’re ready to pursue a new opportunity or your business simply isn’t performing, there may be a time you decide to close up business for good. And if that’s the case, you might be wondering: “What happens to a merchant cash advance if my business closes?” Closing a Business About half of small businesses […]
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By Leslie H. Tayne, Esq.
November 22, 2022
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 […]
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By Leslie H. Tayne, Esq.
November 22, 2022
It’s common for small businesses in need of extra cash to seek out merchant cash advances (MCAs). Unlike a traditional loans, merchant cash advance companies provide a lump-sum payment in exchange for a certain percentage of your future sales or revenue. The approval and funding process is very quick — sometimes just one or two […]
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By Leslie H. Tayne, Esq.
November 9, 2022
Whether you’re just starting a business or have been running a successful company for years, there are times when you need working capital to fund business expenses. There are many borrowing options available to cover costs such as payroll, inventory, equipment, and more. One increasingly popular choice is a merchant cash advance (MCA). This form […]
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By Leslie H. Tayne, Esq.
November 8, 2022
Shouldering a large amount of debt and struggling to keep up with payments is extremely stressful. And if you’re served papers in a debt collection lawsuit, it only adds insult to injury. You might feel like you’ve run out of options. You might be wondering: Can you settle a debt after being served? In short, […]
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By Leslie H. Tayne, Esq.
November 7, 2022
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 you can usually get funding fast. But they’re rarely a good idea for your business. If you’re wondering how to get out of a merchant cash advance, here are some steps […]
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By Leslie H. Tayne, Esq.
October 21, 2022
When your debt is out of control, it’s important to act quickly and find a solution. One option is debt settlement, which can help you eliminate your debt and pay less overall. But the debt settlement industry has its share of risks and scams. So you might be wondering: Are there dangers of debt settlement […]
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By Leslie H. Tayne, Esq.
October 19, 2022
If you’ve been struggling with debt from a merchant cash advance, you might be wondering: “Should I hire a merchant cash advance attorney?” Merchant cash advances are becoming an increasingly popular form of business financing. Unlike traditional bank loans, MCAs don’t require good credit or a lengthy application process. In fact, they’re not loans at […]
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