[Video] If I Can’t Pay My MCA Lender, Can They Seize My Bank Account?
E.J. Simonsen | Mar 8, 2022
If you're unable to pay your merchant cash advance lender — in other words, if you're in default, do they have the right to seize your bank account?
Your Merchant Cash Advance Lender Can Seize Your Bank Account
The simple answer is: yes, eventually. In fact, any creditor that you owe money to will eventually seek to seize whatever assets they can to pay that debt.
Struggling to Pay Your Merchant Cash Advance Lender? Talk to an Attorney to Learn Your Options
If you're not able to pay your merchant cash advance lender, and they move against you to freeze or seize your bank account, you need to seek professional advice immediately.
Every situation is unique. If you have questions, contact our office. We'd love to help you.
The material and information contained on this website is for general information purposes only. You should speak with an experienced attorney in your area before making any legal decisions.