Monday, June 29, 2020

How borrowers, sometimes unknowingly, sign away their assets in MCA contracts

When Heather Wilson and her husband, co-owners of five-truck Dream Trucking, started taking out tens of thousands of dollars in merchant cash advances, they didn’t realize the risks they had taken. Now, “We’ve lost our house and cars,” said Wilson. What to look for in the fine print, here.
from Overdrive https://ift.tt/3iaBkSF

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