STRUGGLING WITH BUSINESS DEBT? VISIT DELANCEY STREET – THEIR DEBT RELIEF PROGRAM WORKS. CLICK HERE NOW
Tampa MCA Defense Lawyers Business Debt Relief
If you run a small business in Tampa, chances are you’ve taken out a merchant cash advance (MCA) or some other form of alternative business financing to help cover expenses. But when your business struggles to pay back the advance as expected, you can end up dealing with aggressive collection tactics from MCA companies that push the boundaries of legality.That’s where experienced Tampa MCA defense lawyers can help.
How MCAs Work
A merchant cash advance provides a lump sum of capital to a business in exchange for a percentage of future credit card sales. It‘s not technically a loan, but rather the purchase of future receivables at a discount.Here’s a simple example:
- You get a $100,000 MCA
- The MCA company takes 15% of your daily credit card sales
- They keep collecting daily payments until they’ve received $150,000 total (the original $100k plus $50k as their fee)
Because it‘s not a loan, MCAs aren’t subject to the same regulations. And their fees are often equivalent to absurdly high interest rates.
Aggressive Collection Tactics
When a small business inevitably struggles to pay back their MCA as quickly as expected, many MCA companies resort to harassment and intimidation to collect:
- Threatening phone calls
- Locking you out of payment processing accounts
- Freezing bank accounts
- Filing confessions of judgement
- Wrongfully garnishing wages
Much of this crosses legal boundaries. But it can feel overwhelming for a small business owner trying to keep their company afloat.
Tampa MCA Defense Lawyers Can Help
The business attorneys at Delancey Street have extensive experience defending small businesses against predatory MCA companies.We can help you:
- Get aggressive collectors off your back
- Fight back against illegal collection practices
- Renegotiate unfair MCA terms
- Invalidate questionable MCA agreements
- And more
And here‘s the best part…Our services won’t cost you anything out of pocket. We only collect our fees as a percentage of the savings from settlements and judgements.So you get experienced legal help with no upfront costs or retainers.
Specific Defenses Against MCA Companies
When defending small businesses from MCA harassment, our lawyers explore every possible argument. This includes:
Unconscionability If an MCA agreement is clearly unfair or one-sided, we may be able to get it invalidated.
Breach of Covenant of Good Faith If an MCA company uses deceptive tactics or doesn’t honor the agreement properly, we can argue they breached good faith.
Usury Violations Even though MCAs claim not to be loans, their absurdly high implied interest rates may still qualify as criminal usury.
RICO Violations The MCA company’s pattern of threats and intimidation may violate federal racketeering laws.
Getting the MCA Voided In some cases, we’ve even had success getting MCA agreements ruled as unenforceable contracts by law.The specific defenses depend on the unique circumstances of your situation. Our attorneys explore every angle to build the strongest case on your behalf.
It Starts with a Free Consultation
If your Tampa business is struggling under the weight of an overwhelming MCA agreement, take the first step and schedule a free consultation with our legal team.You can reach us easily at 212-210-1851.Our experienced attorneys will review your situation, answer all your questions, and explain how we can help defend your business. It won’t cost you anything to talk and explore your options.
FAQs about MCA Defense
Here are answers to some common questions we get about defending against merchant cash advances:
What laws protect me against MCA harassment?
- Fair Debt Collection Practices Act
- RICO laws against racketeering
- Usury laws if rates are criminally high
- Contract law if the agreement is unfair
About Delancey Street
Delancey Street helps small business owners across the country defend themselves against predatory alternative lenders like merchant cash advance companies.Our experienced team of attorneys have an excellent track record fighting back against the harassment, intimidation, and unfair tactics used by many MCA providers.We offer to take these cases on a contingency basis – meaning no upfront costs or retainers for our legal services. We only get paid if we win savings for your business, from which we take a small percentage fee.This ensures affordable access to quality legal help so you can focus on keeping your Tampa business afloat.
Ready to Fight Back?
If an overwhelming MCA debt is threatening the future of your Tampa small business, take the first step now by scheduling a free consultation with our legal team.Call 212-210-1851 or request a consultation online to explore your options with an experienced attorney at no cost.We’re ready to help you fight back, defend your business, and get aggressive collectors off your back for good. The call is free, so there‘s no reason to wait. Get the process started today!
