Recognizing Predatory MCA Practices
Merchant cash advances often seem like a lifeline for small businesses, but many lenders use deceptive tactics to extract more than they provide. Lenders such as OnDeck, Fora, and Rapid Finance frequently include hidden fees, confessions of judgment, and excessive repayment terms that can quickly overwhelm a business. Many owners don’t realize that these advances are legally structured as loans, making them subject to interest rates and collections practices that are far more aggressive than advertised.
Why You Might Qualify for a Class Action
Class actions allow small business owners to combine forces against MCA lenders, challenging systemic predatory practices. By joining others in similar situations, you increase your leverage and share legal costs, making it more feasible to hold large lenders accountable.
How the Team at Hartman Blake Helps
The team at Hartman Blake evaluates contracts, identifies illegal clauses, and organizes small businesses into actionable groups. Their expertise ensures that owners understand their rights and options before taking on top MCA lenders collectively.
The Broader Impact
Class actions not only aim for financial recovery but can also prevent future predatory practices. MCA lenders are less likely to continue deceptive schemes when faced with organized legal challenges.
Take Action Today
If you’ve been targeted by an MCA lender, you don’t have to fight alone. The team at Hartman Blake can help you join a class action, protect your business, and push back against abusive lending practices.