What Happens If I Just Stop Paying My MCA Loans?
If you stop paying your MCA loans, the funding companies may start the default process which means they will implement collection efforts and most likely legal actions.
Many businesses who we meet are crushed with MCA debt. We’ve had clients with more than 10 MCA loans…at a single time! A Reverse Consolidation does work, because it solves the basic problem with paying many MCA’s at the same time. When your business cash flow goes to making MCA payments and not for running the business, a Reverse Consolidation is the perfect solution.
EXAMPLE: ACME CO, which specializes in making shovels for businesses to dig out of MCA debt.
Let’s now say that ACME CO has an unforeseen expense. The business is currently losing money because of the 2 MCA’s, but now the business needs to borrow a 3rd MCA. This is a recipe for disaster.
What happens with a Reverse Consolidation?
It's FREE to apply and see if you qualify. Apply or Connect with a Specialist.