Category: From the Blog

Do You Need a Debt Settlement Attorney? 4 Cases When You Do

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 […]

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merchant cash advance fees

How Do Merchant Cash Advance Fees Work?

If you’re in need of business funding, you may have considered a merchant cash advance (MCA). But before you commit to one, it’s important to understand how merchant cash advance fees work. MCAs help small business owners access working capital quickly, but they’re also quite expensive compared to other financing options. So read on to […]

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Can you refinance a merchant cash advance?

Can You Refinance a Merchant Cash Advance?

Merchant cash advances have become a popular way for small business owners to get financing. However, due to the high costs and daily payment schedule, MCA recipients may quickly find that their advance is placing a major strain on their business finances. One potential solution to that problem is to refinance a merchant cash advance.  […]

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statute of limitations on debt in ny

What is the Statute of Limitations on Debt in New York?

Getting in over your head with debt can be scary, especially if debt collectors have threatened to sue you. However, you have certain rights and protections as a borrower that are important to know. That includes the statute of limitations on debt, which varies by state. So if you’re a New York state resident facing […]

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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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white man looking at laptop thinking

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 contract

What to Look for in a Merchant Cash Advance Contract

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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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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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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merchant cash advance restructure

How to Restructure Merchant Cash Advance Debt

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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