A Debt Collector is Chasing Me for a Business Cash Advance Loan From Broadway Advance Funding

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 … Read more

Why Can’t I Refinance My Mortgage Since I’m a Self-Employed Sole Proprietor?

Study Tablet

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 … Read more

My Merchant Cash Advance Loan is Killing My Business

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 … Read more

Who Are The Best Merchant Cash Advance Settlement Companies?

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 … Read more

What Can You Tell Me About Corporate Debt Rescue or Protection Legal Group?

Question: Dear Steve, I have 3 cash advances that are bringing my company down. Daily payments of over $1000 Are you aware of any bad reviews/info on Corporate Debt Rescue or Protection Legal Group? Chuck Answer: Dear Chuck, Questions like yours are difficult. Here are my posts about Protection Legal Group and Corporate Debt Rescue. … Read more

Am I Getting Scammed by Protection Legal Group? – Michael

Question: Dear Steve, Have one of these weekly payable business advance loans. Signed up with Protection Legal Group to decrease it, sounded legit. Could not find anything on computer. After 2 weeks of payments to them I see your story on them. Am I getting scammed? Michael Answer: Dear Michael, Getting scammed. Now there is … Read more

How Can I Quickly Get My Business to Make More Sales?

Question: Dear Steve, I’ve owned a design build remodeling firm for 28 years. My main business struggle has always been sales and having enough work in our pipeline for consistent business results. I’ve wanted to hire a sales person and/or marketing person many times over the years and a couple of times have gone through … Read more

I Want to Consolidate My Business Debt to Pay Lower Rates

“Dear Michael, We have Business debt – trying to pay off w/low interest rates. Can you recommend a reputable debt consolidation company? One that can, before we sign any documents or close any of our accounts, guarantee us the interest rates they claim they can offer us? We don’t wish to settle, we want to … Read more

Can My Creditors Take Other Business Property to Repay a Debt? – Dee

“Dear Steve, Business owner of an LLC secured a contract worth $35,000 using 100% fully-owned equipment (fair market value of $50,000). Creditor has in his possession part of the equipment (part of a crane), while debtor has another piece to the crane. Creditor also has in his possession 3 other pieces of equipment, 2 which … Read more