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Bakersfield Merchant Cash Advance Lawyers Can Help With Business Debt Relief

Running a small business in Bakersfield can be extremely rewarding, but it also comes with financial challenges. If you’re struggling with business debt, there are options available to help relieve the pressure and get your finances back on track.

How Merchant Cash Advances Work

Many business owners turn to merchant cash advances when they need quick access to capital. These advances provide you with a lump sum of cash upfront, which you then pay back with a percentage of your daily credit card and debit card sales over a set period of time.The advantage is you get the money fast without having to qualify for a bank loan. The downside is that the repayment terms are usually less favorable than a traditional loan. Rates can climb over 100% APR when you calculate the fees and short repayment period.If your business hits a slow patch or you struggle to make the daily payments, fees and interest costs pile up quickly. Before you know it, you owe double or triple what you originally borrowed.So while merchant cash advances give you fast cash, they come at a steep price. If you fall behind on payments, overwhelming debt is difficult to escape.

Bakersfield Business Debt Relief Lawyers Can Help

If you took out a merchant cash advance in Bakersfield and are now buried in debt, there are legal options to help regain control. Business debt relief lawyers in Bakersfield specialize in these types of cases and can negotiate with lenders on your behalf.The goal is to reduce the amount owed to something more manageable for your business. Through legal pressure and negotiation tactics, your lawyer may be able to settle your balances for pennies on the dollar or restructure repayment terms that better fit your budget.

What Laws Protect Small Business Owners?

When negotiating debt relief, Bakersfield lawyers utilize state and federal laws designed specifically to protect small business owners from predatory lending practices. These include:Usury Laws – Interest rates and fees cannot exceed certain thresholds determined by California law. Rates over 10% may be deemed excessive.Truth in Lending Act (TILA) – Lenders must fully disclose all rates, fees, and repayment terms upfront. Failure to do so may invalidate the agreement.Dodd-Frank Act – Provides consumer protections and regulates the financial industry. Prohibits deceptive lending practices.Fair Debt Collection Practices Act (FDCPA) – Collection agencies must treat business owners fairly and cannot harass or deceive.Statute of Limitations – Debt collectors have a limited time period to sue for repayment, usually between 2-6 years depending on state law.

Bakersfield Merchant Cash Advance Defenses

When negotiating debt relief, Bakersfield lawyers test merchant cash advance agreements for violations of the law. Below are common defenses leveraged:Breach of Contract – If the lender fails to uphold terms outlined in the agreement, it may be voidable. Common issues include failure to disclose fees or immediately debiting the business bank account without notice.Unconscionability – If agreement terms are unjustly one-sided or overwhelmingly favor the lender, courts may rule them unenforceable. Rates over 90% APR often fit this category.Fraud – If the lender made false statements or misrepresented terms to induce signing, the agreement may be voidable due to fraud.Usury Violations – As mentioned, interest rates and fees above state thresholds are unlawful. Even rates considered legal may still be deemed usurious if excessively high given the circumstances.Statute of Limitations Expiration – If the debt is time-barred past the statute of limitations, the lender loses the ability to sue. While you still technically owe the debt, paying is optional barring revival actions.

Bakersfield Business Debt Relief Process

So how does the debt relief process work if you hire one of the Bakersfield merchant cash advance lawyers? Here are the typical steps:

  1. Review Agreements & Accounts – The lawyer analyzes all contracts and statements to identify potential violations and build leverage points.
  2. Demand Information – Documentation and clarification are requested from the lender regarding fees, rates, and adherence to state laws.
  3. Send Dispute Letter – A formal letter is sent challenging the validity of the debt and preserving legal rights.
  4. Negotiate Settlement or Payment Plan – Leveraging evidence and legal defenses, the lawyer negotiates relief options on your behalf.
  5. Finalize Agreement – A settlement or revised payment plan that reduces balances owed is drafted and signed.

Throughout the process, the lawyer handles communications so you can focus on operating your Bakersfield business. With the right legal support, overwhelming cash advance debts can often be resolved for much less than originally owed.

Don’t Face Business Debt Alone

If merchant cash advance debts are dragging down your Bakersfield business, know that you have options. Business debt relief lawyers have experience negotiating and settling these types of accounts for a fraction of what is owed. They utilize legal tools, loopholes and protections that business owners often aren’t aware exist.Don’t wait – the sooner you enlist help, the more leverage can be applied. Consultations are often free or low cost. Relieve the financial stress so you can get back to profitability. With the debt monkey off your back, you’ll be able to better provide for your family and employees.There’s no need to face this alone – Bakersfield business debt relief lawyers can fight the battle for you. Schedule a consultation today and finally see the light at the end of the tunnel. Your business and personal finances will thank you.





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