Merchant Cash Advances (MCAs) can provide quick capital, but the high costs and frequent repayments can lead to financial stress. Choosing the right solution to relieve that stress is crucial.
1. Evaluate Your Financial Situation
Before exploring consolidation options, conduct a thorough evaluation of your financial situation. Understand the total amount of your MCA debt, the interest rates, and the repayment schedules. Knowing your financial health is the first step to understanding the benefit of eliminating the burden MCA debt places on your business.
2. Debt Settlement Companies
Not all MCA relief is the same. If you have an MCA there is a very good chance someone has contacted you from a debt settlement company promising to be able to reduce your overall MCA debt by 40% or more and lower your payments by 50% or more if you first default on your MCA debt. In nearly 100% of these cases, the “medicine” does more damage than the “disease”. Call and speak to an expert at Advance Consolidation Experts (ACE) about a MCA consolidation loan where you can reduce debt service up to 90% and you do not have to default on your existing MCA debt.
3. Assess the Terms and Conditions
If a Debt Settlement Company sends you a contract, carefully review the terms and conditions, especially the parts that explain when you have to pay up to 30% of your debt balances regardless of the result achieved! Compare this it a simple MCA consolidation loan with a single monthly payment. Contact ACE today to find out if you qualify for a custom term loan that will pay off your existing MCA debt and lead your business back to the road of financial freedom and profitability.
Book a Free Consultation Today
Take control of your business’s financial future. Call Advance Consolidation Experts (ACE) now to speak with one of our knowledgeable advisors and get started on your journey toward improved cash flow.
