Debt Relief Services Blog

Bills that Protect Small Businesses Going to House for Consideration

Nov 22, 2019 3:52:16 PM / by Greg Tidmore posted in Merchant Cash Advance, Small Business Debt

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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.

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Merchant Cash Advance Borrowers get Relief with COJ Bill Passage

Sep 11, 2019 11:24:30 AM / by Greg Tidmore posted in Merchant Cash Advance, Confession of Judgement

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For unsuspecting (and often desperate) small business owners who took out Merchant Cash Advances as a lifeline to save their livelihood, the filing of a Confession of Judgment (COJ) becomes the businesses deathblow.

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Beware of the Merchant Cash Advance Debt Trap!

Jan 18, 2019 10:52:35 AM / by Greg Tidmore posted in Merchant Cash Advance, Small Business Debt

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Small businesses, like all businesses, need cash to operate. But for many small businesses, gaining access to much-needed capital can be difficult. This is especially true if the business doesn’t have an established track record of success or has a poor credit history. Many traditional financing sources (such as banks) don’t find it worth their while to take the risk, especially if the amount needed is small.

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