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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Tariffs are placing significant financial pressure on small businesses throughout the United States. While the current administration’s trade policies receive considerable attention in the news, small business owners are dealing with the practical negative impacts: rising costs, supply chain complications, and more limited access to capital. As tariff uncertainty persists and new tariffs take effect, […]
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Wage garnishment is one of the many potential issues you can run into if you’ve fallen behind on your debts. But if a creditor or debt collection agency threatens to garnish your wages to repay what you owe, it’s important that you understand your rights and how the process works. Can Creditors Garnish Wages? Yes, […]
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Quick Summary: A merchant cash advance (MCA) provides fast funding by advancing money against your future credit card sales, but the high costs—often equivalent to triple-digit APRs—can trap businesses in a cycle of debt. If you’re struggling with MCA payments or facing aggressive collection tactics, a debt relief attorney can help you negotiate better terms […]
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When your business struggles, you may be tempted to find the quickest and easiest way to get working capital. But beware of financing options that sound too good to be true. Merchant cash advances (MCAs) are one example of an option that business owners may turn to when they’re to get out of financial trouble. […]
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Quick Summary: Bank loans cost less and have better terms, but they’re harder to get and take longer to fund. Merchant cash advances are fast and easy to qualify for, but the high costs and aggressive repayment terms can put your business at serious risk. If you’re already struggling with MCA debt, a debt relief […]
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AI tools like ChatGPT have made their way into just about every facet of our lives, including debt relief. Plenty of business owners find themselves desperate for answers about their merchant cash advance (MCA) debt and lawsuits, and turn to ChatGPT for help. It’s easy to see why AI tools are tempting. Legal services can […]
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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: 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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Quick Summary: Usually, a 1099-C means the debt was canceled and you no longer owe it. But there are exceptions. Some creditors file a 1099-C after 36 months of no payment even though the debt hasn’t been forgiven. If a creditor is still trying to collect after sending you a 1099-C, contact them to clarify […]
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Quick Summary: If a credit card company sues you, don’t panic, and don’t ignore it. You may be able to get the lawsuit dismissed if the debt isn’t yours, you already paid it, the amount is wrong, or the statute of limitations has passed. The key is responding on time, gathering evidence, and working with […]
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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