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Delancey Street Helps Business Owners Regain Control

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

Join The Program

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.

What is Unsecured Debt?

Secured Debt vs. Unsecured Debt: What's the Difference?


Unsecured debt is basically any debt that is not backed by some sort of collateral. When you take out a loan that is secured, like a mortgage or auto loan, the lender can seize the home or car if you default. But with unsecured debt, the lender is basically just trusting you to pay it back based on your creditworthiness.Some common types of unsecured debt include:

  • Credit cards
  • Medical bills
  • Personal loans
  • Student loans
  • Utility bills

So why would a lender take the risk of lending money without any collateral? Well, to compensate for the extra risk, lenders typically charge higher interest rates on unsecured debt. The upside is that unsecured debt is usually easier and quicker to obtain since there is no asset attached.

Pros and Cons of Unsecured Debt

Unsecured debt can be a useful financial tool when used responsibly. Here are some of the main pros and cons to consider:Pros

  • Easy to qualify – Lenders mainly check your credit score and history
  • Fast access to cash – Funds can be available in days or weeks
  • Lower balances – Unsecured debts tend to have lower limits
  • Can build credit – Making on-time payments helps improve your score


  • Higher interest rates – To offset the extra lending risk
  • Late fees add up quickly – If you miss payments
  • Hurts credit if mismanaged – Late and missed payments are reported
  • Wage garnishment possible – If a lender sues for repayment

So as you can see, unsecured loans can be beneficial if you stay on top of payments. But they can also damage your finances if not managed properly. It all comes down to borrowing responsibly within your means.

What Happens If You Don’t Pay?

You definitely don’t want to just ignore unsecured debts in hopes that they’ll disappear. Here’s an overview of what could happen if you fail to make payments:

  • Late Fees – You’ll typically get hit with late fees around $15-50 for each missed payment
  • Interest Charges – Any unpaid balance will continue accruing interest charges every month
  • Lower Credit – Delinquent accounts get reported to credit bureaus, damaging your score
  • Collections – After 180+ days past due, accounts often get sent to debt collectors
  • Lawsuits – Collectors may sue for repayment, enabling wage garnishment
  • Bank Levies – Creditors can seize money from bank accounts with court approval

As you can see, unpaid debts can spiral out of control quickly. Your best bet is communicating with lenders early and considering options like hardship programs, settlements, or debt management plans. Bankruptcy is also an option for those truly unable to repay.

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"
$500,000 MCA Restructured Over 3 Years
"Thanks for helping me in literally 24 hours"
$250,000 SBA Loan Offer in Compromise
"Great choice for business owners who need a trustworthy partner"
$350,000 MCA Restructured Over 2 Years

In The Media

Delancey Street CEO discusses ways to reward employees
Delancey Street CEO discusses the benefits of franchising on Forbes.
Delancey Street CEO discusses management on AMEX.
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Delancey Street simply gets it. You're talking to experts.
Steven Norris
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