Quick Summary If you’re considering taking out a merchant cash advance or already have one, it’s important to understand how they work. MCAs work differently from traditional bank loans in that they’re tied to your business sales and are often much more costly. Contract terms like personal guarantees and confessions of judgment create serious legal […]
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Quick Summary: Yes, merchant cash advances are legal. However, because MCAs are structured as purchases of future receivables rather than loans, they aren’t subject to state usury laws or the same consumer protections that apply to traditional business funding. This lack of regulation allows for high fees, aggressive collection tactics, and contract terms like confessions […]
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Quick Summary: MCA reverse consolidation doesn’t pay off your merchant cash advance debt. It adds more debt on top of it. A reverse consolidation lender funds your existing MCA payments weekly while you repay them at a lower amount over a longer term. While this reduces immediate cash flow pressure, you’ll owe more total and […]
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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