Debt Relief Services Blog

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 E.J. Simonsen posted in Merchant Cash Advance, Small Business Debt

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Merchant Cash Advance Debt Trap

Small businesses, like all businesses, need cash to operate. But for many small businesses, gaining access to much-needed capital is difficult – especially when COVID hit. While programs such as PPP and SBA EIDL provided some assistance, businesses without an established track record of success or poor credit history have few options. 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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