[pcfunder]

and who decides who deserves what ? is it you, or is there any specific person or entity that you feel comfortable relinquishing your freedom and rights to? and even if you do have this person or entity will they live forever? because if they don't, then are you confident their successors will maintain the same level of fairness you expect?

Also, just to correct something, these MCAs are not loans, they are factoring contracts with reconciliation clauses. Which means that in reality, and legally, there are no set terms under which they are required to repay them, it is solely based on the performance of the business. It can be within a month or it can take 2 years. It all depends on the performance and sales of the business. How can you calculate APR if you do not ever have a SET term.

Because the terms are set in the contract through an ACH daily pull of a specified amount. I think that some companies put something in the contract that allows the merchant to change their daily payment if revenue goes up or down but has anyone ever actually explained that to the merchant or had a merchant use that?