Unlike your typical loan, a merchant cash advance (MCA) is paid to you against your company’s future income or credit card sales. In essence, with an MCA, you sell a percentage of your company’s future card sales in exchange for immediate cash. This percentage, or retrieval rate, is also called the “holdback” and usually ranges between 5% and 20% depending …
Who gets a cheque anymore? Unless you are receiving a birthday gift from your 90-year-old grandmother, many modern-day consumers rarely utilize cheques. It’s all about direct deposits, PayPal transfers, or even bitcoin. This is why you should cut people some slack if they don’t know how to properly cash a cheque. For some, it’s a generational thing. For others, it’s …
Did you know you could get a commission advance as you wait for your commission to be processed? There are commission advance companies that can advance you cash as you wait for your commission from a house you sold. This is not a loan. It is simply cash advanced to you on the condition that, once your commission is processed, …
Are you overwhelmed by debt and are considering filing for bankruptcy? Then you need to get a bankruptcy trustee. To choose a bankruptcy trustee, the first thing you need to do is set up a meeting with a reputable prospective trustee. Debt can be debilitating. It can seriously affect your financial health. When you are overwhelmed by debt, it is …
It can be very easy to get into so much debt that you find it difficult to manage the minimum payments. The hard part is getting out of debt. The stress that debt can give you can be harmful to your health. The sooner you find a proper method for debt relief, the better. Here are 8 steps that will …
If your business is like many other services, January is a very slow, financially challenging month. After the Christmas holidays and increased December spending, most consumers are using the first month of the year to pinch their pennies and pay off the debt they accumulated during the most festive month of the year. Every company or contractor has their own …
A guaranteed investment certificate (GIC) is an appealing option because the investor is assured to receive their initial investment plus any interest after the specified contract period. For this reason they are purchased by people who want a good rate on their return but do want the risk of losing money with products such as stocks, mutual funds, or bonds. …
Selling your home and moving is a daunting task. You make the decision to sell, hire a real estate agent, prepare the home for showings, have open houses, and review offers. You finally accept an offer, find a new home, and see the end in sight but don’t forget that you still need to close the sale after signing the …
Refinancing your mortgage means getting a new mortgage to replace the original one. Mortgage refinancing is mostly done by borrowers who want to obtain better interest rates, but unfortunately, this process can be risky for some of them. If you are not sure if mortgage refinancing would be a good option for you, here are a few tips to help …
