AG Sues Merchant Cash Advance Companies for ‘Cheating’ Businesses Out of Millions
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  1. #1
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    This is why i always said this mca was illegal and had borderline tactics. Truth comes out.

  2. #2
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    Quote Originally Posted by golf2014 View Post
    This is why i always said this mca was illegal and had borderline tactics. Truth comes out.
    How can MCA be illegal if it wasn't outlawed yet? And especially if the courts have affirmed their legality.

    And you're those of us who don't use "borderline tactics" like bait and switches, we tell them what it is and how it works, are up front about fees and aren't scared of the rates..... there's nothing wrong with the truth.

  3. #3
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    Quote Originally Posted by abfunders View Post
    How can MCA be illegal if it wasn't outlawed yet? And especially if the courts have affirmed their legality.

    And you're those of us who don't use "borderline tactics" like bait and switches, we tell them what it is and how it works, are up front about fees and aren't scared of the rates..... there's nothing wrong with the truth.
    Agreed, that was the point is was trying to make with the Free market. if the merchant understands the price, term, rate, etc and he consents to it, what is there to outlaw? In commercial law, one needs offer, acceptance, and consideration for a legally binding contract.
    There is only what to outlaw if predatory and or hidden/ undisclosed information is used.

  4. #4
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    Quote Originally Posted by golf2014 View Post
    This is why i always said this mca was illegal and had borderline tactics. Truth comes out.
    Translation: He failed as a broker 4 years ago and now works as a handyman’s apprentice, and he’s bitter as hell.

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