Debt Relief Services Blog

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

0 Comments

 

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.

Read More

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

0 Comments

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.

Read More

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

0 Comments

 

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.

Read More