Merchant cash advance relief is a process of negotiating a mutually beneficial agreement between debtor and lender. This typically includes lowering payments, lowering interest rates, and setting payments on a weekly, bi-weekly, or even monthly payment schedule.
This is where having an expert team of debt negotiators like NCP (who specialize in relieving business debts such as merchant cash advances) is to your benefit. National Credit Partners will negotiate the best, most manageable arrangement possible for you. We accomplish this by using our working relationship with the different merchant lenders and our toolkit of business debt negotiation knowledge.
Business Debt Restructuring is the process of rearranging payment schedules, negotiating interest rates and lowering payment amounts.
All other business debt help options include the restructuring of business debt. A business debt restructuring program is designed to be a win, win.
By working with you, your lender is better securing the payback of your loan. And by restructuring your debt in a manageable way, you are able to avoid bankruptcy and the negative credit impact that goes along with it.
You can also begin building up an emergency fund so you can avoid the need for another loan if business slows down. Either way, if you manage your income correctly after your business debt has been restructured, you can get your business finances back on track.