Quick Answer What if my MCA debt settlement company is making things worse? Many generic debt settlement companies lack MCA expertise and make the situation worse — they stop payments…
Quick Answer Can an MCA company freeze my bank account? Yes — if your contract includes a confession of judgment clause, the funder can obtain a judgment and direct the…
Quick Answer Should I go to arbitration or court for an MCA dispute? It depends on your contract. Many MCA agreements include mandatory arbitration clauses that prevent you from going…
Quick Answer What is MCA stacking? MCA stacking means having multiple merchant cash advances at the same time. It is the #1 cause of MCA-related business failure. Multiple daily ACH…
Quick Answer Can I stop making MCA payments? You can revoke ACH authorization through your bank, but this constitutes default and triggers UCC enforcement, potential COJ filings, and lawsuits. The…
Quick Answer How do MCA interest rates work? MCAs technically do not have interest rates — they use factor rates. But the effective cost is the same. A factor rate…
Quick Answer How do you negotiate MCA debt? Leverage is everything. Funders settle at 30–60 cents on the dollar when they believe litigation will cost more than settlement. Key leverage…
Quick Answer What do I do about an MCA lawsuit in New York? Respond immediately. New York is the #1 jurisdiction for MCA litigation. You typically have 20–30 days to…
Quick Answer What should I do about MCA legal problems? Do not ignore legal notices. If you have received a demand letter, confession of judgment, or lawsuit, you have a…
Quick Answer Do MCAs affect your credit score? MCAs are not reported to consumer credit bureaus directly. However, defaulting can lead to judgments, collections, and UCC liens that do appear…