IF YOU’RE LOOKING FOR A BUSINESS DEBT SETTLEMENT COMPANY, VISIT DELANCEY STREET. CLICK HERE NOW.
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St. Paul MCA Defense Lawyers Provide Expert Business Debt Relief
Operating a small business comes with many financial challenges. When cash flow gets tight, business owners may turn to merchant cash advances (MCAs) or other high-interest loans to stay afloat. However, these predatory lending practices can quickly spiral out of control, leaving business owners facing overwhelming debt, harassment from lenders, and threats of litigation.Fortunately, the dedicated St. Paul MCA defense lawyers at Delancey Street Law Firm are here to help. With over 20 years of experience representing local business owners in Minnesota, our legal team offers compassionate counsel and strategic debt relief solutions to stop lender harassment and resolve business debts.
The Risks of Merchant Cash Advances and Predatory Business Loans
Merchant cash advances and other “alternative lending” products carry extreme risks that many small business owners don’t fully understand.
- Exorbitantly high interest rates that compound daily, quickly ballooning debt balances to unmanageable levels. Some MCA contracts carry effective APRs over 200%!1
- Aggressive collections tactics like harassing phone calls, threats of litigation, freezing bank accounts, or forcing business owners into bankruptcy.
- Deceptive or “gotcha” contract terms buried in the fine print that trap owners in endless cycles of debt and fees.
Predatory lenders exploit desperate business owners by downplaying these risks upfront then engaging in ruthless debt collection practices on the back end. But there are legal defenses business owners can assert against this abuse.
MCA Defense Lawyers Can Challenge Unfair Lending Practices
Our St. Paul attorneys have successfully fought back against many of the most aggressive MCA lenders and debt collectors, including Yellowstone Capital, Kabbage Funding, and Pearl Delta Funding.We build strong legal arguments to contest predatory loan terms or unlawful collections practices such as:
- Unconscionable interest rates – Courts can rule grossly high interest rates as unfair/unenforceable.
- Deceptive conduct – Lying or obscuring key loan terms may invalidate contracts.
- Harassment/abuse – Courts can order lenders to stop threatening/abusing borrowers.
- Violations of lending laws – Predatory loans often violate state/federal consumer protection laws.
Our lawyers leverage these defenses to block collections lawsuits, overturn judgements, get debts reduced or discharged entirely, halt harassment, and restore our clients’ peace of mind.
Additional Business Debt Relief Options
Beyond contesting predatory loans through litigation, our attorneys explore every avenue for meaningful debt reduction and relief for our small business clients, including:
- Negotiating discounted lump-sum settlements with lenders
- Setting up affordable long-term payment plans
- Helping restructure business finances to stabilize cash flow
- Advising on bankruptcy filing options if debts become truly unmanageable
We also connect clients to accountants, business consultants, and other professionals to address root causes of cash flow struggles and prevent reliance on predatory lending going forward.Our compassionate team understands the heavy emotional toll predatory business loans and aggressive collections tactics inflict on entrepreneurs. We make it our mission to alleviate clients’ legal headaches so they can return focus to operating their business.
Schedule a Free Consultation with Our MCA Defense Attorneys
Delancey Street Law Firm has over 20 years representing Minnesota small business owners facing financial abuse from predatory lenders. Our MCA defense lawyers have the litigation experience and strategic expertise to challenge unfair loan terms and stop lender harassment for good.To discuss your business debt situation in a free, no-obligation case review, contact our St. Paul offices today at (555) 123-4567 or info@delanceystreet.com. Our dedicated legal team is here to help you move beyond debt disputes so you can thrive once more
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IF YOU’RE LOOKING FOR A BUSINESS DEBT SETTLEMENT COMPANY, VISIT DELANCEY STREET. CLICK HERE NOW.
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