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!
When your credit card is denied and your checks bounce, having a frozen bank account can be a scary and stressful experience. A creditor freezing your bank account can be incredibly unpleasant, especially if you’re not expecting it. As the account holder, you may not even realize that you owe money to someone or that […]
Dealing with credit card debt can be crippling. And if you’re looking for relief, you may be wondering if credit card debt forgiveness is possible for you. Credit card debt forgiveness can be a possibility in certain situations. Understanding when the option is available and how to achieve it can help you break free from […]
When you borrow money from a lender or creditor, you are legally obligated to repay it. Therefore, if you are not holding up your end of the agreement, the lender or creditor can sue you. If the lender, creditor, or collection agency is successful in the lawsuit, it can result in a judgment against you. […]
If you’ve been contacted by a debt collector about a debt they claim you owe, you may start fearing the worst. You may wonder, can debt collectors take you to court, even if the debt doesn’t belong to you or you’re not obligated to pay? And how often do debt collectors take you to court […]
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. […]
If you’ve missed credit card payments or defaulted on a loan, the creditor will try to collect the debt through various methods. But if they’re unsuccessful, they may file a lawsuit against you in an attempt to collect the debt by obtaining a court judgment. If that’s happened, you might be wondering how to get […]
If your wages are being garnished, you need to find a solution to resolve the debt fast. Garnished wages mean you have even less income available to pay your bills and obligations. But the process for stopping or reversing wage garnishment can be complex. You may need to hire a lawyer for wage garnishment issues. […]
Unfortunately, debt is a way of life for most Americans. In 2021, total outstanding consumer debt reached a record $15.6 trillion, according to new data from the Federal Reserve Bank of New York. A large chunk of that debt came from mortgages and credit card balances, which increased by $52 billion in the last three […]
If you need funding for your small business, there are many financing options. Depending on your situation, needs and goals, you may consider 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 are […]
As a small business owner, maintaining cash flow can be challenging. For example, you might have relied on a merchant cash advance to cover your expenses. Except now, you’re behind on payments and facing an MCA lawsuit in New York. You might be wondering, “now what?” First, know that there’s no need to panic. Below, […]
Merchant cash advances are designed to be confusing. It’s no surprise that many small business owners who take out MCAs end up with razor thin operating margins and a seemingly endless cycle of debt. Not to mention, missing payments often results in huge fees and legal problems. One product that promises to fix this issue […]
If you have a credit card, student loan, or other debt that was sent to collections, you’re probably getting lots of phone calls and messages from debt collection agencies. It’s an irritating and stressful situation. So what happens if you ignore debt collectors completely? While you might find temporary relief, ignoring debt collectors is essentially […]
Is a merchant cash advance confession of judgment (COJ) wreaking havoc on your small business? If you recently defaulted on a merchant cash advance, you might be surprised to find out that the MCA company got a judgment against you in court. Now, your bank accounts are frozen and you’re wondering how this happened. After […]
While our staff and attorneys are based in New York, Tayne Law Group P.C. serves clients from across the country! Whether you prefer to talk on the phone, schedule a video call, or want to come into one of our New York locations, our staff and lawyers are here to answer any of your questions.
If you’re dealing with a lawsuit, judgment, frozen bank account, notice of wage garnishment, lien, or simply feel out of control of your debt–you are not alone. Give us a call or schedule a free consultation. We’ll help you understand what’s going on and find the best possible debt solution.