MCA Debt Consolidation: Costs, Risks, and Legal Options

Comparison of an MCA consolidation offer with legal review, negotiation and defense options.

MCA debt consolidation, also called merchant cash advance consolidation, generally uses new financing to pay off existing MCAs. It may simplify payments or reduce the amount leaving your account each week, but the benefit depends on the total cost, the new terms, and whether the original advances are actually paid off. If several MCA withdrawals are competing with payroll, rent, and operating expenses, start with what the offer changes for your business.Before you accept a consolidation offerWhat gets paid off? Identify each included MCA, its written payoff amount, and how satisfaction will be documented.What will leave your account? Add the new...

28 February

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How to Get Out of a Merchant Cash Advance

By Anthony Rumore, Esq.

in Merchant Cash Advance

Reconciliation, restructuring and settlement options beside an MCA agreement.

Getting out of an MCA takes more than a lower payment. Learn what to request from a funder, how to compare proposed terms, and which documents confirm the obligation is resolved....

24 February