"I'll show you what type of loser you are you clown of a man.". Have you tried to refinance an MCA and were denied? If you Merchant Cash Advance position is eating away at your business cash flow and revenues, don't hesitate to contact Texas Merchant Cash Advance Attorney Grant Phillips Law, PLLC - serving clients in Texas and . ", When merchants fall behind on their payments, some direct lenders send threatening emails and texts, owners and their lawyers say. Based in Doral, Florida, Everest Business Funding is an online provider of loans and merchant cash advances. Our lawyers and certified debt arbitrators will discuss the Pros AND Cons of each different option, as debt settlement isnt the only option out there to choose from. FONDLY BARBARA & BOB G Brooklyn, NY 11-16-2015, I was deeply in debt and after I tried everything I could think of -including a reverse mortgage-I heard of this law firm and I was told to contact Michael Sininsky. We can convert the factoring method of your calculated payments, convert payments from daily or weekly withdrawals to monthly, etc. Merchant Cash Advance Lawsuit - Business Debt Law Group The FTCs complaintagainst Yellowstone Capital, Fundry, founder and CEO Yitzhak Stern, and president Jeffrey Reece, alleges that they unlawfully withdrew millions of dollars in excess payments from their customers accounts, and to the extent they provided refunds, sometimes took weeks or even months to provide them. Merchant cash advance companies provide funds to businesses in exchange for a percentage of their revenues, often in the form of daily withdrawals from the business's bank account until the obligation has been met. A proposed class action lawsuit has been filed against Penn Capital Funding, MapCap Funding and those who run the merchant cash advance (MCA) companies over their alleged use of an apparent loophole in Connecticut law to collect upon unlawful debts and otherwise fraudulently obtain money. Well send out a limited power of attorney notice to anyone trying to collect money from you to make sure that they contact our Law Firm instead of contacting your company. An extended payment plan for your payday loan may be available, subject to state restrictions. They completely turned around a very trying situation for me. There is no obligation to enroll, so dont delay. Of course I want to thank you further than what I wrote. 2-2-2016, I highly recommend the services of The Law Offices of Kenneth H. Dramer and Michael Sininsky. In some states, you may be able to fight it if you can prove any of the following: A few years ago I could not imagine a way out of this hole that I dug myself. The New Jersey Attorney General recently announced a settlement in its lawsuit against Yellowstone Capital LLC, its parent company, and various. Please call for your free consultation to speak to one of our trained professionals.
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