In Debt With Advantage Capital? Here Is What You Should Do
Advantage Capital claims to offer non-traditional financing options to small businesses looking to grow, particularly in underserved communities. According to the company website, advantagecap.com, Advantage Capital was founded in 1992. The company has two physical locations, one at 7733 Forsyth Blvd. Suite 1400, St. Louis, MO 63105 and the other at 909 Poydras Street, Suite 2230, New Orleans, LA 70112. Advantage Capital can be reached at 504-522-4850.
Having Trouble Paying Business Debt From Advantage Capital?
Usually, when businesses take out small business loans, like the ones from Advantage Capital, they have to set aside a chunk of their sales to pay back the loan. This payment can happen every day, week, or month, and how often you pay affects the loan’s APR, which is like the interest rate. Some of these loans might also involve something called a “confession of judgment.” It’s a legal paper that could be kind of tricky and might be enforced on a business owner to make sure they repay the money they borrowed for their business.Owing money in business can be tough to pay back, especially when you have other bills to cover. This type of business debt can make it hard to keep your business going and mess with your cash flow. CuraDebt can assist you in finding a sensible solution to deal with your debt. There’s a way to settle debts and cover expenses without resorting to bankruptcy and adding more debt to the mix.
Advantages Of Settling Debt With Advantage Capital
Debt settlement can offer several potential advantages for individuals facing financial challenges. Here are some pros of debt settlement:
- Reduced Debt Amount: The primary benefit of debt settlement is that it allows negotiation with creditors in hopes of settling your debt for less than the total amount owed. This can significantly lower the overall debt burden.
- Faster Debt Resolution: Debt settlement often provides a quicker resolution compared to paying off the full amount. Negotiations can lead to a faster settlement, allowing you to move towards financial recovery sooner.
- Potential Avoidance of Bankruptcy: Debt settlement is an alternative to bankruptcy. For those who want to avoid the long-term negative impact of bankruptcy on their credit, debt settlement offers a way to resolve debts without taking that route.
- Single Monthly Payment: Debt settlement typically involves consolidating multiple debts into a single monthly payment, making it easier to manage and budget for repayments.
- Potential for Negotiation: Creditors may be willing to negotiate the terms of repayment, including interest rates and fees. This flexibility can be beneficial for individuals facing financial hardship.
- Resolution of Unsecured Debts: Debt settlement is typically applicable to unsecured debts, such as credit card debt and medical bills.
- Professional Assistance: Working with a reputable debt settlement company can provide expertise in negotiating with creditors and ensuring that settlements are fair and reasonable.
Explore the Pros and Cons of Debt Settlement
In Need Of Business Debt Relief?
Exploring different options will help business owners ensure that the financial assessment of their business’s situation is accurate and comprehensive. CuraDebt Business has been helping small businesses for over 22 years nationwide and is one of the oldest and most experienced in the debt relief industry. As of May 2023 CuraDebt Business received a score of 5 out of 5 on CustomerLobby for a total of 1179 customer views. CuraDebt Business is an Accredited Member of the American Fair Credit Council. Contact us toll free today for a free consultation. 1-877-504-0981. Not only do we handle business debt relief, we also offer personal debt relief and tax debt relief.
At risk of defaulting or currently defaulting on your Merchant Cash Advance Loan? Contact us today to find out how we can help.