You are trying to grow your business and need additional capital to do that. You may have had some tough times and your credit is not as good as it used to be. You may be forced to get alternative forms of lending – many times a merchant cash advance. A merchant cash advance is an advance of funds based on your future credit card receivables. This type of lending may seem great as it is a quick way to get funding from a means that is not credit driven. They look at your monthly revenue coming in and decide if you would qualify. They then take out money every day from your credit card income to repay the advance. When you dig deep and analyze the advance, you may see that you are paying over 100% interest and fees. Many merchants didn’t understand what they were getting into and default on the advances. If you have undertaken an advance from a merchant cash advance lender, you might want to consider hiring the merchant advance loan lawyers to review your advances and help with any pending lawsuits.
Merchant cash advance loans are not only expensive to pay back, but they come with hidden interest and sometimes a very short-term to repay the advance. Many times, these advances do not solve your problem but in reality, causes more problems when you need to get additional advances to pay back the original one you received. At some point you can’t get any more loans and you stop paying because you can’t afford it. Lawsuits are quickly filed against you. If you are stuck with merchant cash advance lawsuit and don’t want to lose control over your business, you need to hire a merchant cash advance attorney. An experienced merchant cash advance attorney may be able to lower your payments, settle the debts you owe and fight your lawsuits in court. There are many programs out there that may be able to help your business.
One such law firm that you can consider for hiring experienced merchant cash advance consolidation lawyers is Business Debt Law Group. It is a well known law firm that works with some of the most talented lawyers who do everything in their power to save their clients who are struggling with merchant cash advance debt. The lawyers at this firm know that daily debits can ruin your livelihood, and therefore, they help so that you can gain complete control over your cash flow again.
The merchant cash advance relief lawyers at Business Debt Law Group can help you with cash advance debt settlement, debt counseling, lawsuit defense, consolidation, restructuring, and forbearance. So, if you are not able to make your merchant cash advance payments or have already been served a lawsuit, you must contact Business Debt Law Group today. Also, if you have any questions or want to know more about their services, you can visit the official website. Call today, there are always complimentary consultations.
For more details, visit https://businessdebtlawgroup.com
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