Question: Dear Steve, I DID HAVE A CASH ADVANCE FOR MY BUSINESS IN 2019, AND I WAS PAYING $350.00 DAILY, BUT I WAS STRUGGLING AND COULD NOT PAY ANYMORE, SO THEY HIRED AN ATTORNEY AND FROZE MY ACCOUNTS WE DID SOME ARRANGEMENTS, THEN THE PANDEMIC COME, AND I LOST COMMUNICATION WITH THEM. NOW A DIFFERENT …
Question: Dear Steve, In 2016 I fell upon bad financial times and fell behind in my mortgage with Mr.Cooper for 5 months. I prevented a foreclosure by settling on a loan modification that changed my loan to 54 years at a 5.875% rate. In which only about $160. of my approx. $2000.00 monthly payment went …
Question: Dear Steve, I own a small business automotive business that has been affected by the coronavirus. We are well established, and I believe things will get better. My financial problem is a mca loan. I have a $3,000/ month payment. This loan, along with all other fixed expenses, exceeds the net income and killing …
Question: Dear Steve, We found your website looking for help with a 1099-C (G) form we received. I would appreciate your expertise. In 2006, we received an SBA loan through a local bank. We ended up closing the company and filed for bankruptcy. In 2011 we received a 1099-C for cancellation of the debt with …
Question: Dear Steve, 10 years ago, my brother lost his job. After 35 years, the company moved out of state. We decide to buy an adult movie theater where I was working. The owner offered us a loan of over 7000.00 a month. We are trying to pay off the promissory note down to 120,000.00 …
Question: Dear Steve, I work in 2 industries – healthcare and finance. I’ve owned, for the last 15 years, a very successful regional auto finance company. the company owes 4.3 MM on a loan for a portfolio we are liquidating. At one time we would sell portfolios but no one is buying in this climate …
Question: Dear Steve, I am in huge debt as a result of my taking loans to pay some of my husband’s debts after he suffers business losses and as a result of my few debts. We have a hiring equipment business but now we packed the equipment in the garage as we cannot afford to …
Question: Dear Charles, I own a trucking company for last 4 years and was doing ok until I got Merchant Cash Advances. I was paying them off on regular basis but my business suffered in the last couple of months that has put me in a situation where I can’t pay these MCAs anymore. My …
Question: Dear Steve, I get fund 8k from mca…after that my business slows down and I can not afford to pay back. I need some help to protect my business I need someone help me set up a settlement with the Lendr LLC I own 10k …now they send to a recovery company. How much …
Question: Dear Steve, Do you have a list of the top 2 or 3 most reputable (and successful) MCA settlement companies? There are many out there, and some of them don’t seem to have enough experience to make me comfortable. Cal Answer: Dear Cal, That’s a good question but it’s a bit like asking how …