If your business is struggling to keep up with multiple merchant cash advance payments, you may be looking into consolidation options. One of the more popular and diabolical merchant cash advance consolidation options is called a reverse consolidation. This article will take a look at what a reverse consolidation is, the claimed benefits, and why it's rarely a good solution for businesses.
Merchant cash advances (MCAs) are a financing option that many small businesses choose. Because MCAs can offer a great deal of capital in a short time, many small businesses use them to get through hard times.
But, it's easy for a merchant cash advance to turn sour (it's what we call the Merchant Cash Advance Trap).
In the event that your business has taken a merchant cash advance that you're unable to repay, know that you do have options. Here are 5 ways you can get out of a merchant cash advance that's dragging your business down.
There's no feeling worse than going to make a simple payment, only to find that your card has been declined, and your bank account is frozen. Who froze it, and how can you regain access to your funds?
If you've just found out your bank account is frozen, here's what you need to know, from an experienced team of business debt relief attorneys.
The House Committee on Financial Services passed two important bills on November 14, 2019, which, if passed by the full House, would amend the federal Fair Debt Collection Practices Act.