How to get another Cash Advance after not paying a previous one.
Step 1: Research companies online that offer merchant cash advances to businesses that have a previous default on an mca cash advance. Closely review restrictions for terms and conditions of approval.
Step 2: TIP – Repayment of a previously defaulted merchant cash advance as well as the amount of time since the default may affect your ability to be approved under different programs. Ask if there is a minimum time requirement since the cash advance default. Know the month and year your business first officially defaulted and the amount of the default. Default reporting drags on time wise in business and personal credit reports and makes it look like the default was much more recent than the original date the merchant cash advance company declared a default. Any payments you made on the default often do not appear on the business and personal credit reports a lender looks at and you will not get credit for any payments made. Provide documentation of the payments made.
Step 3: Select the programs that your business will most likely qualify for.
Step 4: Make contact with these lenders that fund with previous defaults. Try to verify how likely your business is to meeting the funding program conditions and requirements.
Step 5: Submit an application for funding. Provide all documentation you have that improves your chance for an approval. Provide documentation that proves the time since the default and if any payments were made.
Step 6: If approved, review terms and conditions. Rates and terms will not be as favorable for some time on your advances after defaulting.
FAQ Frequently asked Questions on getting an mca merchant cash advance after defaulting
Can I get a merchant cash advance after I defaulted on one?
About 6 months to 1 year after a default your business can be considered for financing, including a cash advance. Approvals and amounts depend on how well your business has recovered, it’s ability to repay and if any of the default was paid.
What if I did not repay any of the defaulted cash advance?
It is easier to get another cash advance if you repaid or settled the old defaulted cash advance. New lenders want to see your business made an effort to repay what it could or reach a settlement on the debt.
Does it matter if I defaulted on more than 1 advance?
You may still be able to qualify even if you defaulted on more than 1 previous advance. Approval depends a lot on whether you repaid any of the debt, how many you had, how long it has been.
The best merchant cash advance renewal terms: Benefits and steps
How to Direction:
Step 1 Talk with a representative at your current mca company. Give them your most recent three months business checking account statements and ask them to review your file in advance of their underwriting reviewing your request.
Step 2 Ask the representative to estimate the renewal amount, the number of months and rates. Ask for a better rate on a renewal.
How to Tip: If a renewal offer is made, ask for at least a 2% lower rate on each renewal. Some cash advance companies will not pre-review your file. If they won’t, let underwriting process your file.
Step 3 Tell your current cash advance company that you are shopping for a better offer and are comparing their offer to others.
Step 4 Apply with one or two competitors. If they beat your current mca cash advance companies rate and terms, take their approval offer and ask your current cash advance company to beat that offer. Review the funding stipulations to make sure you can provide everything needed to close.
Step 5 Decide on the best of the offer terms, complete the transaction and receive funding.
FAQ: How to get the best merchant cash advance renewal
How can I qualify for more money on a renewal?
All programs have the most aggressive approval offers on renewals with fast funding. Submit your application and provide
the most recent statements for same day offers.
What are your longest terms?
The longest terms are up to 18 months. Your business will get the longest offer available.
Monthly payment programs are up to 60 months now for qualifying customers.
Can you approve me after I was declined by my current mca for a renewal?
Yes, these programs specialize in approval offers for customers declined for renewals with their current mca lender.
More customers get an approval with the highest offers compared to other advance programs.
Do you match or beat other offers?
We match or beat other offers. Provide the approval information from a competitor to get started on a better approval today.
Before applying for a the advance renewal
Make a list of this specific information. Discuss it in advance of applying with all cash advance companies you want to talk to. You may be able to either pre-approve yourself or pre-decline yourself before applying. It is better to know you will likely be declined before applying, rather than applying and being declined.
If the cash advance company is not willing to seriously pre-review your file, you can choose to apply anyway. Your goal is to get as many cash advance companies to pre-assess your file as possible. Do not demand they do in order to apply. If you demand that the cash advance company pre-reviews your file, you may be eliminating yourself from the best option available.
Is your cash advance renewal not enough? Then a 3rd position cash advance for instance, is another option.
FAQ frequently asked questions on closing a business checking account to stop mca cash advance payments
Can I close my business checking account to stop a cash advance daily debit?
Closing your account is not allowed and may be considered an intentional default. Call the cash advance company and try to work out a solution. Look at alternatives when the mca company will not give you any repayment plan you can pay.
What will the cash advance company do if I close my account without telling them?
It can be called an intentional default and you can be sued. The cash advance company is much more likely to take legal action against you and your business through a lawsuit filed in state court in the county your business is located in. There could be accusations of fraud if an intentional default is claimed by the mca company.
What are better options?
Working with the advance company to negotiate a lower payment is almost always better than closing the account. That should only be seen as a possible last option under extreme circumstances. In many cases, the bank has called the loan due and you must come to a negotiated solution with the lender to avoid a default.
The following is what many debt settlement companies tell customers to do.
Sign a contract with the debt settlement company. The contract often allows the debt settlement company to represent your business in communications with lenders and mca merchant cash advance companies sometime after your have missed mca payments.
Pay the debt settlement company to start the process.
Close your business checking account per the instructions or advice of the debt settlement company
Allow the debt settlement company to continue to represent you in settlement talks.
There are several problems and possible severe consequences to closing your business checking account to stop paying cash advances or loans and signing a contract with a debt settlement company.
The lender can also consider this an intentional default or fraud.
The lender or mca company can file a certificate of judgement and may also be able to debit funds in other accounts you may have at the same bank or other banks
You may not be able to talk to the lenders or cash advance companies directly any more even if you want to. Language in the contract may not allow you to talk contact the funder directly
You may not have influence over the final settlement agreement.
The contract you sign take power and decisions out of your hands and puts much of it in the hands of the debt settlement companies.
Other options and alternatives to contracting with debt settlement companies and closing your business checking account
Contact the lenders directly and try to discuss your financial situation and reach an agreement with the lenders yourself.
Payoff the merchant cash advances with other loans if the balances are low enough
Discuss your financial situation with a business attorney
The advantage of some of these options in general is that they either show you are sincerely trying to work with your lenders to settle your debt, are forming a coherent strategy to do so, or have officially determined that you cannot pay. These also have advantages over closing your account.
Your business can get an mca merchant cash advance renewal with lower rates and longer terms by understanding tips on cash advance qualifications and guidelines.
The same programs also offer mca merchant cash advance renewals with rates as low as 12% to 15% and up rate factors and longer terms if your business qualifies.
Frequently asked questions FAQ How to get an mca merchant cash advance with lower rates.
How low of a rate can I get?
The lowest rates start at 8% for the best credit, strongest cash flow and longest time in business. Rates in the low teens and higher are more common for most businesses.
Can we switch to a lower rate immediately?
You can by paying it off with a lower rate advance or regular loan. Using the funds from your new funding to payoff the balance on your old advance works especially well when the balance is low.
Can we get a better rate with a regular business loan?
Regular business loans usually do have a lower rate. They may also require a personal credit bureau score of 600 or higher. Time in business of 1 year or longer is needed for lower rate business loans.
There are cash advances you can use like a line of credit. Your business can borrow, repay, and re-borrow repeatedly. You can borrow from the line as soon as 30 to 60 days after closing with good repayment history.
Other options to get better terms
Consider other loan types such as asset based or longer term loans if your credit score is higher
Increase your personal credit score by review your credit and disputing any inaccuracies
Establish a business credit profile and build business credit
Maintain business financial that show your business has a net profit that is more than any new loan payment you are applying for
We specialize in these offers. We will help you structure your existing cash flow as well to insure your payments can safely be made. Apply below now to get your offer and funding quickly!
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Call Tel: 1-919-771-4177.
How to get a 2nd position merchant cash advance:
Step 1: Review your business funding needs and cash flow. How much more can your business afford to repay per day and per week?
Step 2: Determine the approval amount your maximum daily repayment equals. The average cash advance is 9 months or 189 days. If the maximum additional daily payment your business can afford is $100 per day then $100 X 189 = $18900.
Step 3: Select the funders with the products that best match your businesses needs as well as credit and time in business.
Step 4: Contact the best second position cash advance options. Discuss your business profile with the representative. Select the best matching program for your business and apply.
Step 5: When approved look at the daily or weekly repayment and the mca loan contract. If you want to close, then provide all the required closing documentation and complete the transaction.
Step 6: Complete the transaction and receive funds into your business checking account.
Frequently asked questions FAQ: On 2nd position merchant cash advances.
What is a 2nd position cash advance?
When a business takes out a cash advance while having an existing one they are paying on. The business will then have a 2nd advance that is in position behind their first one and make payments on two. The second company considers the existing advance payment into their decision for how much and long to approve another advance for you.
How can I get a second position for more money?
Show more cash flow through other checking accounts or financial statements. Proof that you will soon payoff other existing debt is another way. Your current first position cash advance may be paid off if the balance is low enough. This allows for even more money on top of the amount to payoff the 1st position.
Can I get a lower payment than I have now?
Ask for the lowest payment when applying so that the longest term offer will be made, and thereby lowest payment. Terms as long as 18 and up to 60 months are available to get the payment down the most.
How important is credit?
Credit is a minor part of the approval. The strength of company cash flow and ability to make the new payment are the most important qualifiers.
Simple calculation to determine if your business can afford any cash advance.
See the 3 month average and 20% example below.
Or – We will do the math for you!
Complete the application below. We will work with you during the entire process to give you certainty that your business can handle the payment. We will show you the numbers and go over a budget. Get your affordable cash advance now. These are business loans based on bank statements.
Find the lowest deposit month of your last 3 months business checking account deposit totals. Example, $50,000.
Take that figure and multiply it times .20. This is approximately the amount you should conservatively be taking for an mca merchant cash advance.
Contact mca companies and apply. If you are approved for more than your recommended safe amount, do not take more unless you are sure you can make the payments.
Close the cash advance and funds are deposited into your account.
How to calculate the amount
Below is an example of how to estimate a conservative funding amount.
Look at your most recent (3) months business checking account statements. Find and add the amount of your total deposits. Most banks give you one amount and list it as “total deposits”. Some banks will also have a separate entry for electronic deposits. If your bank itemizes different deposit types, add them up. Example figures are below.
December total Deposits $25,000
January total Deposits = $15,000
February total deposits = $19,000
The lowest month is January at $15,000 in total deposits. Multiply $15,000 X .2 = $3,000. $3,000 is a safe and conservative amount.
A more aggressive amount is $15,000 times .5 = $7,500.
Figure out your daily payment. On average, the term of an mca merchant cash advance is approximately 6 months. For $3,000, your daily payment will be approximately $3,000 X 1.35 % (6 x 21) = $155.77 per business day. There are approximately 21 business days per month. The rate factor used here is 1.35.
If you can handle this payment for 6 months, you can close the transaction.
Other factors that affect offer and approval amounts:
Depending upon other factors such as time in business, average daily balances and amount of revenues, the funder may offer a much larger business loan or advance. Your business may be able to handle a larger amount. The purpose here is to determine what is a conservative and safe amount.
More net income with higher deposits
Businesses with higher gross deposits can often afford a higher advance. This is because the same percentage of disposable income equals a higher dollar amount. If your business has fixed total expenses of $7,500 out of $10,000, then it has disposable income of $2,500.
When gross deposits are $100,000 and fixed expenses are $75,000, then disposable income is $25,000.
In the later case, a business will be able to handle a larger merchant cash advance, because their total gross deposits are higher.
Many businesses continue to take out merchant cash advances by renewing them once they are paid off. If your business is taking out a merchant cash advance for the first time, try a lower amount first to make sure your business has the cash flow needed and can handle it. If so, you can take out a larger amount on a second advance.
FAQ, Frequently asked questions: Can my business afford an mca merchant cash advance?
How can I get an mca cash advance safe for my business with a payment I can handle?
Use the formula above to figure out how much of a daily payment your business can afford. Also consider if the amount per week and month fits into your business’s budget. Multiply the daily payment times 5 for the weekly total and times 21 for the monthly total. Daily mca cash advance payments should not be more than 20% of total business deposits.
Can I lower the daily payment when my business has a slow month?
Take the average monthly sales of your 3 lowest months per year. The cash advance approval you accept and close should be 20% max of that 3 month average and that will be affordable for your business during slow months.
How can we figure out if we can repay a merchant advance for our seasonal business?
Look at last years sales during the same months you would be repaying a new cash advance now. Take the average monthly sales during those same months last year and multiply it times .20, which equals 20%. That is the affordable approval amount a seasonal business can pay.
Your payments can be safely lowered or eliminated without hurting any of your relationships, including vendor relationships. No delinquencies or disputes with your existing cash advance companies, upfront payments or paying into an account to solve the problem.
Daily or weekly payments are reduced 25% to 50%. Some options reduce payments up to 75%. Apply below for the fast track to lower payments today:
Avoid closing your business checking account and being declared in default. These lower daily payment options are safe. They typically prevent a coj certificate of judgment from being filed against your business when you act immediately.
FAQ, Frequently asked questions:
Question: How are my payments lowered?
Answer: The daily and weekly payments are lowered through a payoff, restructuring or consolidation. Your business will be paying a much lower amount for a longer amount of time.
Question: How much lower will my payments be?
Answer: Payments are lowered 25% to 50%. Some get payments lowered up to 75% with a monthly payment for 2 to 3 years. There are not any negative actions on your current advances. The advances you have now do not go delinquent, charge off or default.
Question: Can I get my payments lowered on more than 1 advance?
The programs lower or pay them all off, even if you have several advances. Your payments are reduced the maximum amount based on your current situation.
Question: Does lowering my daily payments cause any new problems with my existing advances?
No. There should not be any problems if you are approved for one of these programs and payoff the other advances. Act before you miss payments, are declared in default and cannot qualify for the better programs. Your current advance companies are not negatively affected or contacted other than to pay them off.
Question: Do I have to keep making the full daily payments like the mca company is telling me?
Apply for programs that consolidate or refinance them for a much longer term. Continue making your daily payments on the current advances if possible until you are approved. You want to avoid missing more than two or three payments in a row or be declared a default.
Is your mca payment is too high? Reduce it without settlements, coj filings, or having to default. No closing accounts or harming your business reputation.
FAQ’s Frequently asked questions on how to get a longer term merchant cash advance
Are merchant cash advances longer than a year available?
Advances over a year long are available. Terms up to 18 and 24 months are approved for qualifying applicants in most industries.
What are the requirements for a longer term merchant advance?
Time in business over 1 year and credit scores over 600 are usually needed. Other guidelines are good average daily business bank balances, and limited or no overdraft and nsf activity.
Can you payoff my shorter term advance with a longer advance?
A shorter term advance that has a low balance can be paid off. If the approval for the longer term advance is higher than the payoff of your current short term advance, you will get the difference funded to your business checking account.
Longer term merchant cash advance and business loan options.
Monthly payment options.
Many programs have a monthly payment option. Monthly payment business loans are harder to get and be approved for. Credit scores also have to be higher, often 660 or higher. The minimum time in business will need to be a year or more. The average daily balance of the business checking account has to be $2,500 to $3,500 or more.
Leaseback real estate
If your business has commercial real estate with equity in it, one option for much longer financing is to leaseback real estate. Funding amounts will usually be much higher and the terms are much longer, as long at 5 year or more. Payments will be monthly instead of daily or weekly. There can also be major tax benefits to this approach. Contact your tax professional for details using this method.
Asset based loan
Another option to getting a longer term merchant cash advance or longer term funding is to convert the merchant cash advance into something else. That involves a payoff. The new funding can payoff the old funding. One option is a loan against equipment. This type of funding is 24 to 48 months with a monthly payment. Equipment such as construction equipment, semi-trucks and also some types of machinery may qualify.
Accounts receivables financing
Accounts receivables financing does not directly get the merchant longer term financing. However, it can be an excellent way to improve cash flow and eliminate the need for a merchant cash advance or short term loan in the first place.
If a business can improve their cash flow and not have to take out another short term advance, they can avoid taking out a business loan. This type of financing should be seriously looked at when funding options are considered.
“I don’t want accounts receivables financing” or “I don’t want factoring”, some clients tell us.
Many merchants are resistant to merchant cash advance financing. They are afraid their client accounts will not like it and they will lose that account.
Merchants can tell their clients that their accountant recommended factoring to improve cash flow. They can call their client and say:
“My accountant told me to look at factoring. Do you all offer that?”
This question is more of an indirect approach and less threatening to your customer. If they do not want to factor, they will feel less pressured since it was your accountant’s idea and may just say no.
Chance are very high that your customer is already factoring for other clients like your business and your business is not the first one they are would factor.
Extending merchant cash advance terms
Some final options include calling the merchant cash advance companies and asking for longer terms. This is less desirable because it means that you will not be fulfilling the contract terms as originally agreed. Therefore, the merchant cash advance company does not have to agree to longer terms and can consider doing so a default.
Longer term merchant cash advances are not easy to get. The entire risk model on which it works is based on short term financing with the customer. Their risk analysis shows that past due accounts and charge off’s increase a lot if the term is over 1 year.
Funders that do merchant cash advances do not want a long term relationship with their clients for one funding. They want renewals and also repeat business but not a long term with each transaction.
This is especially true if the merchant already has one cash advance. For merchants that already have one cash advance, merchant cash advance companies are reluctant to offer a longer term on any new advance.
Merchant cash advance Qualifications and Guidelines are extensive. The amount of total monthly deposits is the #1 qualifying factor in being approved for an mca cash advance. But there are several other important merchant cash advance qualifications and guidelines.
The biggest qualifying factors are: Total monthly deposits, time in business, credit, cash flow along with several more profile characteristics further below.
Not sure where you would fit?
Get one of our qualifying experts work 1 on 1 with you to get you approved and with the best program your business can qualify for. Apply below now.
FAQ Frequently asked questions on Merchant Cash Advance qualifications and guidelines
What are the most important qualifications for approval?
The average of the last 3 months total deposits to your business checking account is the most critical. Your average daily bank account balances along with time in business, type of business and limited overdrafts and negative balances are other important criteria.
How important is credit?
Bad credit and low credit scores usually do not make a difference between an approval or decline. However, a better credit score helps your business get more money, longer terms and better rates.
Is a minimum time in business needed?
At least 3 months time in business and business bank statements are needed. If your business has just under 3 months time in business you can send a month to date daily activity printout of the current month to request an offer.
Top Customer Profile Issues
500 + bureau score
Many programs have a minimum credit score requirement of 500. Some programs require a credit score of 525. Other programs either do not have a credit bureau score requirement, or have a 550 minimum.
51% + Ownership
Many MCA Merchant Cash Advance programs and lenders require at least 51% ownership to close cash advance funding or other loans. Another requirement under some programs is to have any owner with 25% or more ownership listed on the application and also be a signer at closing.
Minority ownership means any owner with less than 50% ownership. This can also mean an owner that has between 1% and 49% ownership in a business or enterprise. Another option some lenders offer is to approve and close financing with owners who are less than 50% owners. However, this is not the norm and also rare and hard to find.
6 months time in business
Many lenders and funders have a minimum time in business requirement of 6 months. Others lenders that have more than a 6 month requirement have a 12 month, or 1 year time in business requirement.
Less than 6 months time in business
Another main minimum requirement is 3 months time in business by some lenders. Some lenders and mca merchant cash advance companies do not have a minimum time in business requirement but need at least 2 months proof of business income, or 2 months proof of revenue. These are considered start up businesses. Find more information on start up businesses here.
$10,000 or more per month in deposits
A high percentage of funders require the merchant to have a minimum of $10,000 or more per month in deposits. Some merchant cash advance companies offer funding programs that require only $5,000 or $7,500 per month minimum deposits. However it is harder to find mca merchant cash advance companies that offer funding with the business depositing less than $10,000 per month. We can place your business in programs that only require $5,000 to $7,500 + per month in deposits.
5 Overdrafts or NSF’s or less per month
Another frequent requirement is for the business to have no more than 5 Overdraft or NSF occurrence items per month. In 2017, some MCA Merchant cash advance companies began to offer programs with 7 or 8 Overdrafts or NSF occurrences per month allowed, but this is also not common.
Less than 5 Deposits per month
Most funders require 5 or more deposits per month. A few require less, such as 3 or 4, but the majority still require 5. Merchants call in and complain that they were denied for too few deposits even though they had 5 or more deposits per month. How can that happen? To find out the answer, we need to look at what lenders and mca merchant advance companies consider a “deposit”
What is the definition of deposits per month?
A source of a deposit is from revenue the business has generated from sales and true business operations. The following is a list of deposits that are not considered business deposits:
1) Small dollar amounts such as less than $100. This dollar figure can be higher, even $200 or $300 and funders may not consider that deposit because the dollar amount is too low. 2) Transfers from savings accounts or other accounts are also not considered deposits. The reason for this is that the funder does not know if the original source of those transfers are from real business revenue. 3) Credits, rebates and other non revenue deposits. Many times, businesses will receive small credits and rebates from other merchants that are not true revenue and are not considered such by lenders.
Most mca merchant cash advance companies have industries that they will
not lend to and restrict funding to. You can ask in advance if your industry is one of those types of businesses they will not fund. For more information see a list of restricted industries here
Many of the criteria listed above are minimum criteria. Many lenders and merchant cash advance companies list a minimum criteria but may still decline the merchant even if the company applying meets that criteria.
In their analysis, if your company profile meets merchant cash advance qualifications and guidelines criteria, they will consider the request, but might still not approve it.Increase your chance of getting business funding greatly by knowing ahead of time what merchant cash advance qualification and guidelines typically are. We specialize in identifying which mca programs their business will qualify for.
Review tips on qualifying and lowest rates and terms on a 2nd position or 3rd position merchant cash advance. Read the steps and tips further below to get approved with the best mca terms with the lowest rates.
FAQ: Frequently asked questions on picking your escape from mca merchant cash advances
What ways can we get out of our cash advances?
There are both unsecured and secured options. Terms are available up to 10 years and may be a consolidation, if qualified. The business can also use qualifying equipment for a payoff. Real Estate can be use for very high total balances.
Can I get out of the advances with low credit scores?
Several low credit score programs are available for approval. These do not all require a high bureau score to refinance, consolidate or payoff your remaining payments. Scores can be as low as 500 and below for some programs.
Will I get a monthly payment to pay these off?
Monthly payments with credit scores down to 500 and lower are available for secured programs. Unsecured monthly payments need scores 600 or higher to pre-qualify.
Do I have to be current on my advances right now?
Options are available if your business is not current on its advances at this time. Being current qualifies you for more programs. If you expect go past due soon, take action before the payments are behind.
Choose your escape from MCA merchant cash advances.
Permanent relief from your mca merchant cash advance problem:
1) Call the merchant cash advance companies and negotiate a solution.
Tell them the pressure on your cash flow has been far greater than you thought and ask if you can negotiate the terms. If the Merchant Cash Advance company agrees, they normally lower the daily or weekly payment and the term is extended.
2) Try to qualify for a different loan to payoff the merchant cash advances.
Options are an asset based loan such a loan against real estate. There are other loans that may be able to help business cash flow such as Factoring.
Factoring helps you get money owed to you much sooner.
If you cannot get one of these loans and the time left on your advances is only 2 or 3 months, another option is a bank statement loan. If you can get approved for
6 to 10 month funding that pays off advances you only have 2 to 3 months
left on, then you may be able to extend the term of your existing debt by 7 or 8 months. This can cut your daily payment by 75%.
3) Ask for a pause in your merchant cash advance payments.
This works best if your business only needs a pause in the payments. In most cases, the mca merchant ash advance companies will stop the payments completely for 1 or 2 weeks. If you know your business needs much more relief than this, you probably should not request this option as it will not be enough to solve your problem. If you request temporary relief, then ask for a permanent reduction right away.
Tips and information
Reduce your payments be as much as 25% to 50%. Some funders give merchants more time to pay it back or a permanent reduction in the payments. First decide if lower payments are enough. Will you be able to handle lower payments permanently?
Do cash flow calculations to determine if your business can afford the payments, even if they are lowered as much as 50%.
4) Find a traditional consolidation program
Such a program will payoff the other advances at closing. This is not a program that advertises consolidation but then sells another cash advance. If you can qualify for such a consolidation program, it will often be the best choice. The terms will vary greatly depending on the strength or weakness of your profile. These programs also have the biggest advantage because they almost always extend the term and lower your payment a lot at the same time. Break away from merchant cash advances.
More drastic measures
5) Hiring and involving an Attorney.
This option can be considered if you have tried your best to work with the merchant cash advance companies and they did not offer a solution that would allow you to stay in business. If this happens, consulting an attorney and considering your options may be in your best interest. It could be that having an attorney contact the merchant cash advance companies to request terms that are sustainable for your business brings you a better offer.
This may be a final but viable option. In the event you cannot work anything out and you will go out of business, bankruptcy may be the best choice. Contact a bankruptcy attorney to discuss this. If you have signed a COJ confession of Judgement, then make your attorney aware the merchant cash advance company has a COJ from you. Another power the confession of Judgement also gives a creditor is to immediately access and also debit from any bank account you have an any bank. Bankruptcy may be able to prevent this and allow your true escape from mca merchant cash advances.
Choose one of these options and start on your path to escape from mca merchant cash advances. Break out and escape from merchant cash advances today!