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Tulsa MCA Defense Business Debt Relief

If you run a small business in Tulsa and are struggling with merchant cash advance (MCA) debt, you may be feeling overwhelmed and not sure where to turn. Delancey Street understands the unique challenges Tulsa business owners face when it comes to complex MCA agreements and getting out of debt. As a dedicated debt relief company, we have extensive experience helping Tulsa entrepreneurs settle or restructure their MCA debt so they can get back to focusing on running their business.

How We Can Help Tulsa Business Owners

At Delancey Street, our team of experts includes attorneys familiar with Oklahoma laws who can provide customized legal advice and debt relief solutions for your specific situation. We take an empathetic, personalized approach and will thoroughly analyze your MCA agreements to build a defense strategy that makes the most sense for your business.Some of the ways we can help Tulsa MCA debtors include:

• Negotiating settlements – We have extensive experience negotiating with MCA funders to settle debts for a fraction of what is owed. We take an aggressive approach on your behalf to secure the best possible settlement.
• Restructuring agreements – If settling is not an option, we explore restructuring your MCA agreement so it is more manageable for your business’s cash flow. This may involve negotiating lower payments, extended payment terms, or altering variables like daily repayment rates.
• Analyzing contract terms – MCA agreements often contain problematic terms buried in the fine print, like personal guarantees, confessions of judgement, or hidden fees. Our legal team digs into the nitty gritty to fully understand potential defenses.
• Building legal arguments – Based on our analysis, we build strong well-researched arguments challenging things like improper disclosures, interest rate caps, state lending violations, and more.
• Defending lawsuits – If an MCA funder takes legal action against your business, our attorneys can defend the lawsuit by presenting counterclaims and legal defenses on your behalf.
• Avoiding bankruptcy – As a last resort, we advise on whether bankruptcy makes sense and provide guidance on the pros/cons of different bankruptcy chapters if we cannot negotiate an out-of-court solution.

The key is that Delancey Street has your back as a Tulsa business owner. We stand by you each step and leverage our extensive MCA debt experience to put up a strong, customized fight so you can move forward.

Common MCA Abuses in Tulsa

Many traditional bank loans are regulated at the state or federal level to protect small business borrowers. However, merchant cash advances occupy a legal gray area with less oversight. This loophole allows some MCA funders to get away with egregious practices that take advantage of Tulsa business owners.Some of the most common MCA abuses we see affecting Tulsa clients include:

• Deceptively high interest rates – MCA rates often exceed 100%+ APR when calculated like a loan, despite funders claiming they are not loans. These astronomically high rates can trap Tulsa businesses in debt.
• Misleading terms – Lengthy and complex MCA contracts bury key terms related to payback amounts, repayment speed, penalties, and other areas. Important details get lost in the fine print.
• Aggressive collections – When businesses fall behind on payments, MCA funders resort to harassing collection calls at all hours plus threatening lawsuits or sending intimidating letters to your customers or staff.
• Confessions of judgement – Borrowers unknowingly sign away their legal rights via confessions of judgement clauses buried in contracts, allowing lenders to obtain quick judgements without notice.
• Personal guarantees – Funders often require business owners to personally guarantee the MCA, leaving your personal assets and finances vulnerable if the business defaults.

This is just a sampling of the underhanded tactics some MCA funders rely on to take advantage of Tulsa small businesses. At Delancey Street, exposing such abuses forms the basis of our contract defense strategy.

Customized Legal Defenses For Your Situation

Because each Tulsa company’s situation is unique, Delancey Street does not take a one-size-fits-all approach. We customize potential legal arguments and defenses based on the specific terms in your MCA agreement and the laws in Oklahoma.Some potential defenses our attorneys explore include:

• Usury violations – Argue interest rates exceed state caps under usury statutes by analyzing the MCA’s effective APR.
• Deceptive trade practices – Challenge misleading statements or omissions in the MCA contract that violated state consumer protection laws.
• Unconscionability claims – Assert one-sided or unreasonably unfair contract terms make the agreement invalid and unenforceable.
• RICO violations – Allege predatory lending practices like excessive fees or improper disclosures constitute racketeering.
• Regulatory violations – Identify instances where the MCA lender failed to comply with state lending laws or licensing requirements.

The key point is that any clause, statement, or practice by the MCA funder that appears improper might provide an angle to challenge the agreement. By fully dissecting each provision of your contract, we can target weaknesses to build strong arguments on your behalf as a Tulsa business defending against an MCA lender lawsuit or collections.

Delancey Street Will Fight For You

Battling merchant cash advance debt as a Tulsa entrepreneur does not have to be a lonely, intimidating fight. The team at Delancey Street understands the challenges local business owners face. We know Oklahoma laws and leverage our expertise to expose MCA wrongdoing, negotiate reduced settlements, restructure agreements, and defend businesses from predatory funder practices.

• If an MCA company has treated you unfairly, contact our Tulsa office for a free consultation with no obligation.
• Our number is 212-210-1851 – call anytime 24/7.
• Or request a callback via our website and one of our Tulsa debt experts will reach out to start mapping out a game plan.

We are passionate about helping Tulsa small business owners like you take back control of your financial future. You have a strong ally in Delancey Street. We have the legal firepower, empathy, and extensive MCA debt experience to fight by your side so you can get out of debt and focus on operating your business again