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Arlington MCA Defense Lawyers Business Debt Relief

Running a small business is extremely difficult. Between managing employees, keeping customers happy, and trying to turn a profit, there’s always something to worry about. And if you take out loans or use merchant cash advances (MCAs) to help fund your business, debt can quickly spiral out of control if you’re not careful.But what do you do if your business debts become too much to handle? This article will explore the debt relief options available to small business owners in Arlington, including working with defense lawyers that specialize in MCAs.

How MCAs Can Lead to Crippling Business Debt

Merchant cash advances allow businesses to receive an upfront lump sum of capital in exchange for a percentage of future credit card and debit card sales. The advantage is you get quick cash without having to qualify for a traditional bank loan.However, MCAs often come with extremely high interest rates and aggressive repayment terms:

• Interest rates typically range from 30-300% APR
• MCA companies take a fixed percentage of daily credit card sales to repay the advance
• There are often no limits on the total amount that can be taken for repayment

This repayment structure means if your business has a slow period, more of your daily revenue will go toward repaying the MCA. It becomes increasingly difficult to catch up if sales don’t improve quickly.Within months, MCA payments can consume 50% or more of your daily credit card receipts. This cripples cash flow and makes it almost impossible to run the business.

How Arlington MCA Defense Lawyers Can Help

If your small business has become overwhelmed by MCA debts, working with an attorney that specializes in this area is crucial.An experienced MCA lawyer can review your situation to determine if the MCA agreement violates state laws or contains predatory terms. Some potential defenses include:

• Usury violations – interest rates and fees above state maximums
• Deceptive practices – misleading statements made during the application process
• Unconscionable contract terms – repayment percentages that consume unreasonable amounts of revenue

If any defenses exist, your lawyer can put pressure on the MCA company to settle for a reduced payoff amount. Or file litigation to invalidate the agreement altogether.Settling MCA debts for less than the full balance or getting the debts waived can be life-changing for a struggling small business. It eliminates the huge daily payments so you can rebuild sales and cash flow.

Why Work With Delancey Street for MCA Debt Relief

Delancey Street has extensive experience helping business owners settle or eliminate MCA debts. While we’re not a law firm ourselves, we maintain relationships with top MCA defense attorneys across the country.When you sign up for our debt relief program, we immediately assign an expert advisor to assess your situation. They determine if any legal violations or predatory lending practices occurred with your MCA agreement.If our team uncovers potential defenses, we connect you directly with an attorney in your state that handles these types of cases. Instead of you having to research lawyers on your own, we handle everything start to finish.We negotiate discounted legal fees and preferred pricing through our partnerships with various law firms. This saves you money compared to hiring an attorney independently.

What Our MCA Debt Relief Process Looks Like

If you enroll with Delancey Street for help with your MCA debts, here is the process you can expect:

• Consultation – Your personal expert reviews your MCA agreements to identify potential violations
• Connect with specialized attorney – If defenses exist, we immediately connect you with a law firm that handles these cases
• Negotiation & litigation – The attorney works to pressure the MCA company to settle for less or invalidate the debt
• Settlement – With the leverage of potential litigation, many cases settle for 30-60% less than the full balance
• Dismissal – If the court fully dismisses the debts, your business escapes without owing anything further

Throughout the process, your Delancey Street advisor provides guidance and answers all your questions. We handle everything administrative so you can focus on running your business.

Why Small Business Owners Choose to Work With Us

Delancey Street has helped thousands of small business owners with various debt issues over the past several years. There are a few key reasons people consistently choose to work with us for their debt relief needs:

• Expertise – Our dedicated advisors only handle small business debt issues. We encounter every type of situation and know how to navigate them.
• Efficiency – We immediately connect you with the specialized legal help you need instead of making you research local attorneys.
• Affordability – Our relationships with various law firms allow us to negotiate discounted pricing.
• Track record – We have successfully reduced or eliminated debts for business owners across industries.
• Customer service – Our advisors provide white-glove service and guide you through the full process.

Additionally, we require no upfront payments or retainers. Our fees only come from a percentage of the savings when we reach a successful settlement for your debts.If we don’t save you money, you pay nothing. This alignment means we work tirelessly on your behalf to maximize your savings.

Contact Delancey Street for a Free Consultation

If your small business in Arlington has become overwhelmed by MCA debts, Delancey Street can help provide relief.Our team has extensive experience assessing MCA agreements for potential violations and connecting business owners with specialized defense attorneys. Through litigation pressure and negotiation leverage, many of our clients settle their debts for a fraction of what they owe. Others have their debts fully dismissed.To receive a free consultation and case assessment, don’t hesitate to reach out. Call us at 212-210-1851 or contact us through our website. Our expert advisors review situations for free and only earn fees if we save you money.

Frequently Asked Questions

Still have some questions about MCA debts and how Delancey Street can help? Here are answers to some of our most common questions:

What violations typically exist with MCA agreements? Some of the most common MCA defenses our attorneys pursue include usury violations, deceptive statements or omissions, and unfair contract terms. Interest rates above state limits or misleading information provided during the application process are examples.

What results have you achieved for other business owners? Our track record includes several dismissed MCA debts and many more settled for 30-60% less than the full balance owed. The settlement percentage depends on the specifics of each case and the violations uncovered.

What credit card processors do you have experience with? We handle MCA debts across all major credit card processors. Some of the most common ones we see are Fattmerchant, Stripe, Square, PayPal, Flagship Merchant Services, Helcim and Chase Paymentech. But the processor does not matter – we review the MCA agreement itself for violations.

Can you help if my business is behind on payroll or taxes? Yes! Settling or eliminating MCA debts provides immediate cash flow relief so you can catch up on expenses like payroll, taxes, rent, etc. We also help enroll qualified businesses in IRS and state tax debt relief programs.

How long does the review and attorney connection process take? We pride ourselves on connecting business owners with specialized legal help ASAP. Expect a response within 24 hours of your initial contact. If MCA violations appear evident, we immediately coordinate with nearby counsel.Let us know if any other questions come up! We’re happy to provide advice and guidance for free as an initial resource.