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Infolawyer, Lawyer
Category: Consumer Protection Law
Satisfied Customers: 6867
Experience:  Licensed attorney helping individuals and businesses.
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I am struggling with a merchant lender. I am willing to pay

Customer Question

I am struggling with a merchant lender. I am willing to pay a reduced daily amount and they are threatening me. What options do I have?
JA: What state are you in? It matters because laws vary by location.
Customer: Illinois
JA: Has anything been filed or reported?
Customer: I believe a UCC filing I have not been notified
JA: Anything else you want the lawyer to know before I connect you?
Customer: This has been refinanced twice and each time they add the fees on top of the fees. I have been in this vicious circle since May 2015. To keep my business afloat I need to restructure this debt
Submitted: 1 month ago.
Category: Consumer Protection Law
Expert:  Phillips Esq. replied 1 month ago.

Hello: This isCustomer Welcome to JustAnswer! I am reviewing your post, and I will post my response very shortly. Thank you for your patience.

Expert:  Phillips Esq. replied 1 month ago.

I am sorry, but I am having trouble understanding the chain of events.

Kindly explain a little more.

Kindly ask specific questions. Your current question is overly broad.

Thank you for your cooperation.