Debt Relief Services Blog

What is a Reverse Consolidation?

Nov 15, 2021 9:30:49 AM / by E.J. Simonsen

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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.

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Unsecured vs. Secured Debt: The Basic Breakdown

Nov 2, 2021 9:30:00 AM / by E.J. Simonsen

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How Can I Get Out of a Merchant Cash Advance?

Sep 14, 2021 2:29:55 PM / by E.J. Simonsen posted in Merchant Cash Advance, Bankruptcy

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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.

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What Do I Do if My Bank Account is Frozen?

Sep 7, 2021 10:30:00 AM / by E.J. Simonsen posted in Foreclosure, Small Business Debt

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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.

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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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