Thomas Tramaglini
Use caution when considering sharing your bank statements with alternative lenders.
This article delves into the positive and mostly negative outcomes of sharing bank statements with alternative lenders
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Thomas Tramaglini
4 min read
Itria Ventures sues MCA Lead Gen and its head of sales for stealing data. But really, how safe are your data?
Itria Ventures sues MCA Lead Gen and its head of sales for stealing data. But really, how safe are your data?
Thomas Tramaglini
8 min read
The LCF Group (Last Chance Funding) continues to be the Merchant Cash Advance Industry's Most Litigious Company. A 2024 Progress Report of predatory lenders, their attorneys, and their litigation.
This article details the current trends in the MCA industry
Thomas Tramaglini
9 min read
Breaking it down: Merchant Cash Advances are not MCA Loans.
This article describes some of the implications for taking on such debt delivered by alternative lenders.
Thomas Tramaglini
7 min read
Dealing with a judgment from a MCA or alternative loan company.
This article presents several important aspects about judgements, what alternative lenders can and will do, and what to prepare for.
Thomas Tramaglini
3 min read
California attorney misappropriated up to $282 million from clients who were looking for debt relief.
The State Bar of California announced that a Tustin attorney is facing disbarment for allegedly embezzling around $282 million.
Thomas Tramaglini
5 min read
UCC Liens vs UCC Actions.
This article outlines UCC filings, distinguishes them from UCC actions, and provides insight into what small business owners can anticipate.
Thomas Tramaglini
7 min read
Why Predatory Alternative Loan Brokers Need Accountability.
This article discusses some of the common strategies used by these brokers, their consequences, and our efforts to push back against them.
Thomas Tramaglini
5 min read
Reasons to stay away from Judgements on your MCAs and alternative loans.
This article outlines various compelling reasons why avoiding a judgement is crucial.
Thomas Tramaglini
2 min read
Fora Financial Sues Corporate Turnaround for repeatedly interfering with its clients.
In a recent case, Fora Financial, an alternative lender based in New York, filed a lawsuit against Corporate Turnaround.
Thomas Tramaglini
8 min read
Misleading Small Business Owners: "The State of Small Business Report" by "Progressive Lender" IOU is just too weak to publish - but they did.
In this article we review and debunk a misleading report published by a leading small business lender.
Thomas Tramaglini
6 min read
How The Merchant Cash Advance (MCA) Company's Treat Those Who Don't Pay? Their Playbook Explained.
This article outlines what small business owners can anticipate (referred to as the MCA playbook) when encountering a default.
Thomas Tramaglini
11 min read
12 Scams To Beware of from Shady MCA Settlement Companies.
This article describes 12 common scams employed by UNETHICAL MCA settlement companies to defraud small business owners.
Thomas Tramaglini
5 min read
MCA Predator NewCo (dba Credit Line Capital) Sued by Merchant for Actions We See Regularly
Most of the clients we have worked with who have defaulted on their Merchant Cash Advances have been subjected to the multitude of different
Thomas Tramaglini
5 min read
UCC vs MCA Lawsuits.
This article aids small business owners in making decisions by examining the differences between UCC actions and MCA lawsuits.
Thomas Tramaglini
7 min read
Reverse Consolidations are Not Consolidation at All. Just a Recipe for Disaster. What to Do.
In this article, we delve into the concept of reverse consolidation and their brutal consequences.
Thomas Tramaglini
6 min read
Did you ignore your MCA lawsuit? Think twice as you DO NOT want a judgement.
In this article, we discuss the outcomes of not answering a MCA lawsuit.
Thomas Tramaglini
7 min read
Understanding the Basics of UCC Liens Filed by Merchant Cash Advance Companies
In this article, we explore some of the rules and nuances of UCC and how MCA companies use UCC.
Thomas Tramaglini
8 min read
I defaulted on my MCA or Loan - can I still get funding?
In this article we discuss things that business owners should do to protect themselves from brokers once they have defaulted.
Thomas Tramaglini
5 min read
Answering an MCA or Alternative Loan Company Lawsuit is Important.
This article describes the importance of answering MCA lawsuits and provides some implications if not answered.
Thomas Tramaglini
4 min read
Recent court decisions demonstrate a willingness to hold MCA, alternative lenders, and their brokers accountable.
This article highlights several recent occurrences which have suggested to the industry, if you take advantage of small business owners, you
Thomas Tramaglini
3 min read
Kabbage Inc. settles massive PPP case
Earlier this week, the US Department of Justice announced they had reached a settlement in their lawsuit against defunct Kabbage Inc.
Thomas Tramaglini
3 min read
AKF, Inc (Fundkite) Sues Another Broker For Stacking on Them.
Most recently, they have sued Seed Financial for their alleged predatory broker actions.
Thomas Tramaglini
2 min read
FirstPoint Funding LLC settles with AKF, Inc (Fundkite) for $50,000 because broker stacked small business owners at their expense.
To avoid a trial and drawn out process, FirstPoint Funding and AKF "amicably" resolve the case for $50,000.
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