By Leslie H. Tayne, Esq.
October 18, 2022
If you’re considering a merchant cash advance (MCA), be sure you fully understand the contract and its terms first. Navigating these contracts can be tricky. And there might be language or clauses that you don’t fully understand that could negatively impact your business. It’s a good idea to review any contract in detail with an […]
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By Leslie H. Tayne, Esq.
October 18, 2022
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 cards have some of the highest interest rates; the average is 14.51%. Meaning the more credit card debt you accumulate, the harder it becomes to pay […]
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By Leslie H. Tayne, Esq.
October 18, 2022
Missing a payment won’t impact your credit score, as long as you get caught up within 30 days. After that, though, the delinquency will likely be reported to the credit reporting agencies and can damage your credit. If you keep ignoring your payments, your credit account could get charged off as bad debt. At a […]
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By Leslie H. Tayne, Esq.
October 7, 2022
If you’re in need of serious debt relief, you might be considering a debt settlement. This is one strategy that helps you get out of debt quickly — and potentially pay less than the total debt owed. So how does it work? And is debt settlement worth it? Here’s what you should know. Is Debt […]
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By Leslie H. Tayne, Esq.
September 27, 2022
A merchant cash advance might seem like an easy way to get fast financing for your business. But if you aren’t careful, it could turn into a headache. Or worse. If it’s becoming too difficult to keep up with MCA payments on top of all your other bills, a merchant cash advance restructure might be […]
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By Leslie H. Tayne, Esq.
September 19, 2022
As a business owner, it’s often necessary to borrow money to fund your company and cover major expenses. But do business loans affect personal credit? And if so, how can you ensure that a business loan doesn’t impact your personal credit score negatively? Read on to find out. Do Business Loans Affect Personal Credit? Your […]
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By Leslie H. Tayne, Esq.
September 15, 2022
If you took out a merchant cash advance (MCA) or other form of business financing, you might have a UCC lien on your business credit reports. UCC liens are common. However, they can present some challenges for your business, especially when it comes to borrowing money in the future. A UCC lien can also cause […]
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By Leslie H. Tayne, Esq.
September 14, 2022
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 […]
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By Leslie H. Tayne, Esq.
September 13, 2022
Although both merchant cash advances and traditional business loans involve receiving and repaying a sum of money, they are not the same thing. How Does a Business Loan Work? Business loans are a form of financing for qualified businesses. They’re provided by banks, credit unions, and other approved lenders. Companies use business loans to pay […]
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By Leslie H. Tayne, Esq.
September 12, 2022
A merchant cash advance is an alternative financing option for small business owners, particularly those that don’t have a good enough credit history or haven’t been in business long enough to qualify for traditional business financing. But while a merchant cash advance may have an easy approval process, the cost might not be worth it. […]
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