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Debt Relief
Is your small business having cash flow challenges? Have you seen the tempting ads for merchant cash advances? If your answer to both questions is “yes,” be sure to consider…
What Is Credit Counseling? Credit counseling is a free service offered by nonprofit agencies to help individuals get a handle on their finances. Sometimes called debt counseling, credit counseling is…
Did you know there are laws to protect you from being harassed by debt collectors? From lying about your debt to pestering you repeatedly on the phone, the Fair Debt…
A friend confides that the house sale she thought would bring a free-and-clear down payment on a retirement condo in sunnier climates took a surprise turn. Before settlement, her husband…
Chapter 11 bankruptcy does for businesses what Chapter 13 does for individuals in terms of buying time to reorganize in hopes the business can turn things around and pay off…
Debt relief vs. bankruptcy is on a lot of our minds these days. Not without reason. Some of us are in big financial trouble. U.S. households owe $17.8 trillion in…
Feeling the squeeze from financial worry? Saying you’re not alone isn’t useful. Saying there’s professional help for your condition just might be the best thing this side of winning the…
When you’re looking for financial advice, you would hope there are two things you can count on from the person on the end of the phone: They know what they…
Americans who carry balances month over month should be alarmed by the interest they’re paying: As the Federal Reserve persists in incremental hikes, credit card rates keep surging. But there’s…
Kevin Briggs was a successful landlord with a six-figure income, but after a year of pandemic challenges, he found himself in 2021 with $45,000 in credit card debt. “I was…
Sources:
- N.A. (2022, January 5) Merchant Cash Advance Providers Banned from Industry, Ordered to Redress Small Businesses. Retrieved from https://www.ftc.gov/news-events/news/press-releases/2022/01/merchant-cash-advance-providers-banned-industry-ordered-redress-small-businesses
- N.A. (August 3, 2020) FTC Alleges Merchant Cash Advance Provider Overcharged Small Businesses Millions. Retrieved from https://www.ftc.gov/news-events/news/press-releases/2020/08/ftc-alleges-merchant-cash-advance-provider-overcharged-small-businesses-millions
- Alicia Tuovila (2023, August 27) Is a Merchant Cash Advance (MCA) Right for Your Business? Retrieved from https://time.com/personal-finance/article/is-merchant-cash-advance-right-for-you/
- N.A. (2023, September 6) How are merchant cash advances different from a business loan? Retrieved from https://www.paypal.com/us/brc/article/cash-advance-vs-business-loan
- Zachary Mider (2020, December 8) N.J. Says Cash-Advance Pioneeer Deceived Borrowers. Retrieved from https://www.bloomberg.com/news/articles/2020-12-08/n-j-says-cash-advance-pioneer-yellowstone-tricked-borrowers