Can MCA Lenders Take My Personal Assets?
Quick Answer Can MCA funders seize personal assets? Yes, if you signed a personal guarantee. The personal guarantee allows the funder to pursue your personal assets — bank accounts, real…
Category: Merchant Cash Advance
Merchant Cash Advance articles, guides, and legal information.
Merchant Cash Advance Went to Collections: Now What?
Quick Answer What should I do if my MCA goes to collections? Do not ignore collection calls. MCA collection agencies are typically more aggressive than consumer collectors. Document all communications,…
Can I Consolidate MCA Loans?
Quick Answer Can I consolidate multiple MCAs into one payment? True consolidation means replacing multiple MCAs with a single, lower-cost product — a term loan, SBA loan, or line of…
Top 3 Reasons to Keep an MCA Attorney on Retainer, Even If You’re Not in Default
Quick Answer Why keep an MCA attorney on retainer? 1) Contract review before signing new MCAs, 2) Proactive reconciliation assertions during revenue drops, 3) Immediate response capability if a funder…
How to Protect Your Personal Assets From a Merchant Cash Advance Lawsuit
Quick Answer How do I protect my personal assets from an MCA lawsuit? If you signed a personal guarantee, your personal assets are at risk. Strategies: challenge the guarantee’s enforceability,…
What Does an MCA Debt Advisor Do and Do You Need One?
Quick Answer Do I need an MCA debt advisor? An MCA debt advisor reviews your contracts, identifies legal defenses, negotiates with funders, and coordinates any necessary legal responses. You need…
How to Remove a UCC Filing: Step-by-Step Guide
Quick Answer How do I remove a UCC lien? File a UCC-3 termination statement with the Secretary of State. The secured party (funder) must authorize it — or you can…
Merchant Cash Advance Help for Seasonal Businesses: How to Repay and Manage Debt
Quick Answer How should seasonal businesses handle MCA debt? Seasonal businesses are especially vulnerable to MCA problems because fixed daily payments do not adjust to seasonal revenue drops. Key strategies:…
Merchant Cash Advance Default Rates: Causes, Consequences, and How to Avoid Default
Quick Answer What is the MCA default rate? Industry estimates suggest 10–20% of MCAs end in default, though precise data is scarce because MCAs are not subject to standardized reporting.…
How to Prepare for a Conversation With a Merchant Cash Advance Debt Attorney
Quick Answer How should I prepare to talk to an MCA attorney? Gather: all MCA agreements, bank statements showing daily withdrawals, any correspondence from funders, UCC filings, personal guarantee documents,…