Category: Debt Relief

what happens to a merchant cash advance if my business closes

What Happens to a Merchant Cash Advance If My Business Closes?

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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What to Do if MCA Lender Files a UCC Lien Against You

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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merchant cash advance collections

Merchant Cash Advance in Collections: What to Do

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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merchant cash advance alternatives

Merchant Cash Advance Alternatives

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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can you settle a debt after being served

Can You Settle a Debt After Being Served?

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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how to get out of a merchant cash advance

How to Get Out of a Merchant Cash Advance: 4 Top Options for 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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black woman with apron standing in storefront

Merchant Cash Advance vs. Bank Loan: 5 Key Differences

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 […]

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how to get out of credit card debt

How to Get out of Credit Card Debt Without Paying the Full Balance

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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charged-off as bad debt

Charged-Off as Bad Debt: What Does it Mean?

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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Is debt settlement worth it

Is Debt Settlement Worth It?

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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We work with all creditors, whether you’re dealing with a collections firm, a national bank, credit union, or another lender.

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