What Is MCA Reverse Consolidation?
Quick Summary: MCA reverse consolidation doesn’t pay off your merchant cash advance debt. It adds more debt on top of it. A reverse consolidation lender funds your existing MCA payments weekly while you repay them at a lower amount over a longer term. While this reduces immediate cash flow pressure, you’ll owe more total and […]
What to Do When an MCA Lender Files a UCC Lien Against You
Quick Summary: A UCC lien is a financing statement MCA lenders file to claim your business assets as collateral. While standard for business financing, a blanket UCC lien can block future credit and allow lenders to contact your customers directly if you default. To remove a UCC lien, you must pay off the debt or […]
A Step-by-Step Guide to Requesting a Revised MCA Payment Plan
Quick Summary If your MCA payments are straining your business’s cash flow, you may be able to negotiate revised terms to relieve some of the financial burden. This guide covers when to request restructuring, your various restructuring options, and when to consider hiring an attorney. When Should You Request a Revised MCA Payment Plan? Recognizing […]
