Tayne Law Group

Category: Business Debt Relief

  • Can You Consolidate MCA Loans? (And Why You Might Not Want To)

    Can You Consolidate MCA Loans? (And Why You Might Not Want To)

    If you’re struggling with merchant cash advance (MCA) debt, you may be tempted to look into a way to consolidate MCA loans to get some relief. Merchant cash consolidation might seem like a helpful way to manage your current debt and make it out with your business intact. But these transactions can ultimately make things […]

  • What to Do if MCA Lender Files a UCC Lien Against You

    What to Do if MCA Lender Files a UCC Lien Against You

    If you’ve taken out a merchant cash advance (MCA), you may already have an MCA UCC lien on your business credit reports. While this is typical for MCAs and other forms of business financing, it could impact your ability to get credit in the future. This is especially the case if the information in the […]

  • Merchant Cash Advance FAQ

    Merchant Cash Advance FAQ

    Merchant cash advances are a short-term form of business financing. In this merchant cash advance FAQ, you’ll learn about how they work, the terms you’ll want to watch out for and how to protect yourself and your business from predatory practices.

  • Merchant Cash Advance Pros and Cons

    Merchant Cash Advance Pros and Cons

    Merchant cash advances can provide quick and easy cash for small businesses that have ongoing sales but need cash right now. But like any other financing option for your small business, there are both benefits and drawbacks to using a merchant cash advance (MCA). Understanding merchant cash advance pros and cons can give you the […]

  • What Is a Merchant Cash Advance?

    What Is a Merchant Cash Advance?

    A merchant cash advance is an alternative financing option for small business owners, particularly those that don’t have a good enough credit history or haven’t been in business long enough to qualify for traditional business financing. But while a merchant cash advance can be easy to get, the cost might not be worth it. Here’s […]

  • What Percentage Should I Offer to Settle Debt?

    What Percentage Should I Offer to Settle Debt?

    If you’ve considered a debt settlement before, you may be wondering, “What percentage should I offer to settle my debt?” While there is no one-size-fits-all answer to this question, there are a few guidelines that you can follow to help you come up with a number that works for you. In light of that, we […]

  • What Happens with a Merchant Cash Advance Breach of Contract?

    What Happens with a Merchant Cash Advance Breach of Contract?

    As with a small business loan, a merchant cash advance involves a contract between you and your provider. If you stop making your payments, it could result in a merchant cash advance breach of contract, and the lender could sue you. Dealing with merchant cash advance legal issues can be a pain for small business […]

  • How to Handle Business Debt Settlement

    How to Handle Business Debt Settlement

    Running a business is often an all-consuming endeavor. But while hopes are often high among entrepreneurs, the fact is that many businesses struggle. According to the Small Business Administration, 50% of small businesses fail in the first five years. Even if you’re still around, you may have needed to turn to high-interest debt like merchant […]

  • How to Get Out of a Merchant Cash Advance in 2022

    How to Get Out of a Merchant Cash Advance in 2022

    Merchant cash advances, often called MCAs for short, can be a tempting offer for struggling small business owners. You don’t need excellent credit, and you can usually get funding fast. But they’re rarely a good idea for your business. If you’re wondering how to get out of a merchant cash advance, here are some steps […]

  • Debt Collector Threatening to Serve Papers? Here’s What to Do

    Debt Collector Threatening to Serve Papers? Here’s What to Do

    If you’re in a financial hole, dealing with debt collectors can make an already difficult situation worse. If you have a debt collector threatening to serve papers if you don’t pay up immediately, you may be feeling terrified and desperate. But here’s the thing: debt collectors aren’t legally allowed to inform you of a lawsuit […]