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Merchant Cash Advance

Merchant Cash Advance Defense Attorney in Massachusetts

Has your small business used a merchant cash advance to make ends meet, but now you are being harassed by the lender or a third party collector for the debt? You have your options to defend yourself and protect both your business and your personal finances. Come to The Law Office of Glenn F. Russell, Jr. and talk to our debt relief lawyers in Massachusetts. We focus our practice on various forms of debt relief and bankruptcy cases.

Call (888) 400-9318 or contact our law firm to learn more about your legal options.

What is a Merchant Cash Advance?

Lenders who offer merchant cash advances are selling loans of a specific type. A merchant cash advance does not use interest, which can make it look desirable. Instead, your business is forwarded a certain amount of money and the lender will gradually collect that amount plus a set additional margin, like 15%, 25%, and so on. The collections are made each day and taken directly from any credit card and debit card transactions your business makes that day. Due to the rapidity of the payback schedule, merchant cash advances can become overwhelming before you know it.

Failing to meet a daily payback expectation could result in:

  • Defaulting on the agreement
  • Negative impact on credit score
  • Legal action taken by lender, such as a lawsuit
  • Financial penalties described in merchant cash advance contract

Additionally, it is not uncommon for a lender offering a merchant cash advance to demand a personal guarantee from the loan recipient. A personal guarantee is essentially some sort of collateral on the line that comes from your own finances or property. For example, you might need to put part of your own savings or your automobile up as a personal guarantee. Failing to meet your obligations under a merchant cash advance contract that included a personal guarantee will cause the lender to target you, your finances, and your property personally when seeking the debt, on top of already “going after” your business.

Debt Relief When You Need It the Most

Merchant cash advances can lead to lender and debt collection agency harassment that no one deserves. If you are getting phone calls at all hours about repayments for a merchant cash advance, then take the first step in finding debt relief now by calling (888) 400-9318. Our Massachusetts merchant cash advance relief lawyer is here to guide you and your business to a brighter, more-financially-stable future, just as we have done for so many others in your community.

Read more on our blog:

Merchant Cash Advances In Massachusetts - Predatory Loans That Prey Upon Small Businesses

The Federal Trade Commission Targets MCA Lender For Deceptive Acts and Unauthorized Withdrawals

We’re not afraid of competition; we stand up to it boldly. Call our office today to discuss your legal options and to let us create a strategy for securing your consumer debt relief.

Reasons Why People Hire Attorney Glenn Russell:

  • Extensive Knowledge

  • Unique Experience

  • Aggressive Approach

  • Unparalleled Results

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