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Delancey Street Helps Business Owners Regain Control

Each year 10's of thousands of business owners struggle.

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Fill out our contact form. We'll reach out and conduct a thorough assessment of your situation, and how we can help you. Our goal is to understand your situation, and determine if our program is the right for you, and the type of debt you have.

We Work With You

Once we determine our program is right for you, we start working on your behalf. We conduct a thorough evaluation of the type of debts you have, and put together an action plan on what a realistic, and beneficial outcome would look like for each debt.

We Get Results

The final step is the most important, we restructure your debt and put you in a better position than we found you. We work with you to adhere to the new debt restructuring program, and are with you every step of the way to make sure your business is thriving.

Program Results

$450K Merchant Cash Advance

Extra 24 Months

Transformed into a monthly payment, and extended by 2 years, with a 15% reduction in balance.
$110K Merchant Cash Advance

55% Reduction

Transformed into a monthly payment, and extended by 2 years, with a 55% reduction in balance.
$100k Business LOC

50% Redution

Our client had an LOC with a MCA hybrid lender, and saw a drastic reduction in balance.

How We Help

Business debt settlement through Delancey Street involves restructuring your corporate debt, in a manner that allows you to keep your doors open, and results in an increase in cashflow.

Get a affordable plan that works for your business cash flow as a part of the debt settlement process.

Get potential resolutions with Delancey Street in a timely and effective time frame once you enter our debt relief program.

You Have a Powerhouse team of financial and legal experts on your side, advising you on how to interact with predatory creditors.

5 Star Google Rating trusted by 100's of people who are struggling with business debt.

Columbus Merchant Cash Advance Legal Help – Attorneys, Debt Settlement

Columbus Merchant Cash Advance Legal Help – Attorneys Can Provide Debt Settlement Assistance

Merchant cash advances have become an increasingly popular way for small businesses to access quick capital. Unlike traditional bank loans, merchant cash advances don’t require a high credit score or collateral. Instead, the advances are repaid through a percentage of future credit card sales over a set period of time. This can be an attractive option for business owners who need fast cash to cover expenses.However, some merchant cash advance companies engage in predatory lending practices that take advantage of small business owners. Exorbitant interest rates, misleading terms, and aggressive collection tactics are common complaints. If you signed a merchant cash advance agreement that you now regret, contacting a Columbus small business attorney may help you find legal solutions.

Common Problems with Merchant Cash Advances

While merchant cash advances serve a purpose, the terms are often unfavorable for the borrower:

  • Sky-high interest rates – Some companies charge over 100% APR when fees are factored in. This is much higher than even the worst credit cards.
  • Deceptive terms – Important details about repayment may be hidden in fine print or obscured through confusing language.
  • Excessive payments – Lenders can withdraw 30-40% or more from daily credit card sales until the balance is repaid. This can cripple cash flow for small businesses.
  • Aggressive collections – Some lenders will freeze bank accounts or sue business owners who fall behind on payments.

If you didn’t fully understand the repayment terms when you signed the agreement, or feel the lender misled you, a Columbus small business attorney can review your case for free. They can also negotiate with the lender on your behalf to help settle the debt under more reasonable terms.

Legal Defenses Against Predatory Merchant Cash Advances

Depending on the specifics of your situation, a Columbus small business lawyer may be able to construct legal arguments to invalidate the agreement or reduce what you owe:

  • Unconscionability – If the terms are excessively one-sided or unfair, the contract may be ruled unenforceable.
  • Fraudulent misrepresentation – If the lender intentionally deceived you about repayment terms or fees, the agreement can be void.
  • Usury laws – In some cases, excessively high interest rates over state limits may invalidate the contract.
  • FDCPA violations – Federal law prohibits abusive collection practices like harassment or false threats.

By asserting these defenses, your attorney can put pressure on the lender to settle for a reduced payoff amount that lets you move forward. Though results aren’t guaranteed, <u>it’s worth exploring your legal options</u>. Many predatory lenders count on business owners lacking the time or resources to fight back.

What a Columbus Small Business Attorney Can Do To Help

If you want to get out of a merchant cash advance agreement signed under questionable circumstances, a skilled lawyer can assist in several ways:

  • Contract review – Identify objectionable clauses or violations of law.
  • Settlement negotiations – Use legal arguments as leverage to negotiate a discount on the remaining balance.
  • FDCPA lawsuits – Sue the lender for illegal collection practices like harassment.
  • Debt consolidation – Structure a single monthly payment to multiple creditors through legal proceedings.

The right attorney understands both contract law and the common schemes predatory lenders use against small business owners. This expertise allows them to build the strongest case possible on your behalf during settlement talks.Though each situation has unique details, these are the general steps a lawyer may take:

  1. Consultation – Review your case and discuss options during an initial meeting.
  2. Demand letter – Send a letter to the lender asserting legal defenses and requesting settlement.
  3. Negotiations – Use legal arguments as leverage to negotiate discounted repayment terms.
  4. Litigation – If talks fail, file a lawsuit to invalidate the agreement in court.

With an aggressive approach combining negotiations and litigation, many attorneys can resolve these situations through settlement without needing to go to trial.

What Settlement Could Look Like

Outcomes vary, but your attorney may be able to negotiate one of these general resolutions:

  • Balance reduction – Only repay a percentage of what you still owe (e.g. 50 cents on the dollar).
  • Favorable repayment terms – Extend the payment period and/or lower the weekly/monthly payment.
  • Lump sum settlement – Agree to one discounted final payoff amount as satisfaction in full.

Settlement discussions are fluid, and your lawyer may get creative in proposing compromises that limit further payments while allowing you to move on. The goal is finding an agreement that eliminates lawsuit threats from the lender.

Don’t Face Predatory Lenders Alone – Consult a Small Business Attorney

Columbus has no shortage of business lawyers ready to help small business owners escape unfair merchant cash advance agreements. The right attorney can review your situation, advise you on options, take over negotiations, and provide legal counsel every step of the way. Before signing any settlement, they will make sure the terms are clear and favorable towards letting you get out from under the debt.Rather than struggle alone with aggressive lenders, contact an experienced Columbus small business lawyer. Help is just a phone call away, and most provide free case evaluations. You may find they can resolve your situation quickly and affordably through settlement negotiations alone. Don’t assume you have no recourse against predatory merchant cash advance companies – let a skilled small business attorney review your case today.

Delancey Street is here for you

Our team is available always to help you. Regardless of whether you need advice, or just want to run a scenario by us. We take pride in the fact our team loves working with our clients - and truly cares about their financial and mental wellbeing.

"Super fast, and super courteous, Delancey Street is amazing"
Leo
$500,000 MCA Restructured Over 3 Years
"Thanks for helping me in literally 24 hours"
Jason
$250,000 SBA Loan Offer in Compromise
"Great choice for business owners who need a trustworthy partner"
Mary
$350,000 MCA Restructured Over 2 Years

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