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!
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 debt collection lawsuit, it can result in a judgment […]
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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 […]
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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 […]
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If you’re struggling with merchant cash advance (MCA) debt, speaking with an attorney can be a helpful and important step toward regaining control of your finances. But walking into that first conversation unprepared could mean wasted time and missed opportunities to strengthen your case. To make the most of your consultation, you need to be […]
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A merchant cash advance (MCA) can provide access to capital for your small business. However, this alternative form of business financing can be incredibly expensive. As a result, the merchant cash advance default rate can be much higher compared to other types of business loans. If you’re thinking about using an MCA to fund your […]
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For seasonal businesses, a merchant cash advance (MCA) can seem like a quick solution to cover off-season expenses. But the high costs and daily repayments can quickly spiral out of control. Unlike traditional loans, MCAs come with aggressive repayment schedules that don’t adjust for revenue fluctuations, making them especially risky for businesses with seasonal income. […]
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As a business owner, you know that relationships are everything. As a result, a merchant cash advance (MCA) provider contacting your customers or family in an effort to collect an unpaid debt can be stressful. Unfortunately, some of the laws protecting consumers from unfair debt collection practices don’t apply to businesses. However, if your MCA […]
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If you’ve taken out a merchant cash advance (MCA) for your business and are struggling to repay it, you risk your lender taking legal action against you. Unfortunately, one of the potential outcomes of defaulting on your MCA is having your bank account frozen to repay your debt. If you’re struggling to repay your MCA […]
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If you’re facing a merchant cash advance (MCA) dispute, you may be wondering whether arbitration or a lawsuit is the better path to resolve it. MCA agreements often include arbitration clauses, forcing business owners to settle disputes outside of court. But is arbitration always the right choice? Or could going through the process of a […]
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If you’re behind on your credit card payments, there may be a handful of relief options available to you, including credit card debt forgiveness. Depending on your situation, you may be able to shave hundreds or even thousands of dollars off the amount you owe. How does credit card debt forgiveness work? Here’s what you […]
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According to the latest Federal Reserve data, nearly half of American households have debt. And while debt is common, it can quickly become overwhelming, leading to negative consequences like poor credit, debt being sent to collections, and even lawsuits. If you’re being sued for your credit card debt, it’s important to understand your options, your […]
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If you’re served papers for credit card debt, it’s important to understand the implications and how a debt collection lawsuit might impact you. It’s also crucial to know how to respond to a summons and complaint what you can do to protect yourself. What Does It Mean to Be Served? If you’ve been served papers […]
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Hiring a debt settlement lawyer isn’t always the first thing that comes to mind when you’re drowning in bills — but in the right situation, it can make all the difference. Whether you’re facing aggressive debt collectors, being sued over unpaid balances, or just feeling overwhelmed by how much you owe, legal help might be […]
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Debt relief is an umbrella term that includes several potential solutions for reducing your debt burden. Some common options include debt settlement, debt restructuring, and more. While there are some clear benefits to seeking debt relief, there are also some potential risks involved with the process. Understanding the debt relief pros and cons can help […]
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If you’re stuck in credit card debt, there are several possible outcomes. One possible outcome, if you fall far enough behind on your payments, is that your lender will charge off your debt, which essentially means writing it off as a loss for accounting purposes. A charge-off may or may not impact you as the […]
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Attorney advertising. Prior results do not guarantee a similar outcome. The information on this website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as legal advice or tax advice for any individual case or situation.
Your initial phone consultation is free and requires no committment!
A team member will respond within 1 business day.
Your initial phone consultation is free and requires no committment!
A team member will respond within 1 business day.
A Tayne Law team member will respond within
1 business day.
Call (866) 890-7337
