Tayne Law Group

Category: Tayne Law Group

  • Should You File for Bankruptcy: Pros and Cons

    Should You File for Bankruptcy: Pros and Cons

    Dealing with thousands of dollars in debt can feel like a hopeless situation. Fortunately, several options are available to help you get it under control, including bankruptcy. However, filing for bankruptcy isn’t a quick fix for your debt problems. Therefore, it’s essential to understand the pros and cons of bankruptcy so you can make an […]

  • What a Debt Collection Agency Can (and Cannot) Do

    What a Debt Collection Agency Can (and Cannot) Do

    When you fail to pay back a debt, the original lender will usually try to collect it themselves. However, if it goes unpaid long enough, they may decide that it’s unlikely that they will ever recover the debt. At that point, the debt gets marked as a charge-off on your credit report, and the lender […]

  • 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 […]

  • Personal Finance 101: Should I Save or Pay Off Debt?

    Personal Finance 101: Should I Save or Pay Off Debt?

    Every day, many Americans ask themselves, “Should I save or pay off debt?” If you’ve asked yourself that question recently, you’re not alone. In light of that, we have taken the liberty of answering this question once and for all. Keep reading to learn whether it makes sense to save first or to pay down […]

  • How to Rebuild Credit after Bankruptcy

    How to Rebuild Credit after Bankruptcy

    Improving your credit score after bankruptcy is no small feat, but it can be done. All it takes is a bit of hard work and perseverance. With that said, below is a practical guide on how to rebuild credit after bankruptcy. If you follow the steps below, you can eventually see your score start to […]

  • How to Consolidate Debt with Bad Credit

    How to Consolidate Debt with Bad Credit

    When you have bad credit, it can sometimes feel like your financial options are limited. Fortunately, there are things you can do to take control of your debt and improve your credit score. Below is a guide on how to consolidate debt with bad credit. Read it over to get a sense of the steps […]

  • How to Create a Debt Payoff Plan

    How to Create a Debt Payoff Plan

    When you’re in debt and want to get out of the cycle for good, one of the first steps you can take is creating a debt repayment plan. With that in mind, we’ve created a guide on how to create a debt payoff plan below. If you follow these steps, there’s a good chance that […]

  • 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 […]