Are you in need of business debt settlement services? SPEAK TO LAWSCAPE.COM – click here to visit them and get their help immediately.
Many small business owners take on IMMENSE DEBT of merchant cash advances and more. When you are drowning in merchant cash advance debt, your only option is to get debt relief/debt settlement from a qualified professional who understands how to negotiate this. Often, many business owners are taking merchant cash advances to pay off other merchant cash advances. It’s super difficult to survive. When this happens, you might need the services of a business debt settlement company like Lawscape.com, who understands how to negotiate debt for less than what you owe.
You’re probably reading this article because you’ve taken on immense business debt, and now need a solution for your debt issues. Business debt can come in MANY forms, like credit card debt, merchant cash advances, business term loans, lines of credit, and more.
You’re here because you’re wondering if there is a way out of your business debt!
The answer is yes: LAWSCAPE.
Lawscape is a premier business debt settlement company that specializes in helping strapped business owners escape their debt. Most debt nowadays is in the form of high interest merchant cash advances.
Does business debt settlement hurt your personal credit?
If your business debt is in the form of a merchant cash advance the answer is no. Merchant cash advances are NOT business loans, they are a form of factoring, whereby the lender is taking a % of your future revenue. Moreover, they are NOT reported to credit agencies. Regardless of whether you repay the loan on time, or not, you are not getting any “credit score” benefit. If you’re choosing not to do business debt settlement because of your credit score concern, you should continue with the process.
What should you do when you can’t make payments?
If you’re unable to make your daily merchant cash advance payment, then speak to Lawscape.com, or other business debt settlement companies. Companies like Lawscape help you avoid defaulting. If you default, it’s likely you will get sued quickly the merchant cash advance lender.
What can Lawscape do for you?
Lawscape does business debt settlement. Their purpose is to help work with you, and your lender to negotiate a better outcome. That means working to lower your overall interest and balance due. It also means stretching out the length of your loan in order to reduce the burden on your business. Companies like Lawscape.com typically transform a daily payment into a monthly payment.
What’s the debt settlement process?
You need to decide whether to take on the settlement process yourself, or hire an expert to handle it. Typically, a company like Lawscape has experience reducing your overall owed amount. Their goal is to get you the highest possible settlement for your business. Typically they charge you a % of the money you owe the lender. If your account is still with the lender, and you haven’t defaulted yet, then it’s good to ask for the best possible settlement. If your account has already been given to a collections agency, then the process may be harder already.
It can take years to accrue enough money to pay your lender. Often, your business debt settlement company will ask you to start putting money aside in order to make an offer for settlement. It’s important that you have enough money put aside so that the lender whom you owe money has serious reason to consider it. For example, if you owe $85,000 and have $40,000 put aside, the lender might be willing to accept it. It all depends on the situation.
There are millions of businesses struggling
Many businesses are struggling to keep their doors open. The debt they are taking on is helping them grow, and do that. But some take on TOO much debt, and then borrow money to repay that debt. Most of the debt business owners have is in the form of unsecured loans. Lawscape can help with all aspects of commercial debt, such as small business loans, commercial loans, and more. If your small business is struggling, you’ll look for debt relief.
Before you file bankruptcy, speak to Lawscape
Before you file bankruptcy, which will put your company out of business, consider other options. For example, it might be possible to get a debt consolidation loan. Small business debt consolidation loans are possible from a nonprofit lender. These types of loans have lower interest rates than privately issued loans. If you can’t find a nonprofit debt consolidation loan, you can go on the private market. It might be possible to payoff a merchant cash advance by taking a (personally guaranteed) debt consolidation loan.
Having said that, debt consolidation loans aren’t the only way. Bankruptcy is another popular option.
Business debt settlement is a service many people never think they’ll need. MANY don’t even know it exists. Companies like Lawscape exist to help you understand this is possible. They exist in a very unique niche – acting as a settlement/negotiation intermediary between lenders and merchants. Their function is to educate merchants on their rights, and what they are eligible for – in terms of legal rights. They also exist to help negotiate an outcome that is fair, with lenders. Many lenders will take the fact you have hired a debt settlement company either positively, or negatively – it all depends.
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