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Are you being sued by an alternative lender?
If you are reading this you are likely being sued, were sued, or are being taken advantage of by an alternative lender. It is pretty simple - predatory lenders and their brokers tell you how great their funding is and how easy to pay your debt it will be.
Then... the reality of running a business hits - you realize that you cannot pay back the terrible rates, awful daily or weekly payments which no business can sustain, and you cannot meet the short term which the alternative lender forced you into.
It is pretty common - that is why the SEC suggested that 1 in 2 small businesses default on alternative loans and cash advances.
Beacon Client Solutions, an award-winning corporation, is the leading small business debt mitigation source in alternative lending. Our team specializes in addressing your litigation and default(s) with customized programs which are reasonably priced. Beacon's team and attorneys are experienced mitigating small business debt. We are focused, aggressive, and cut risk for our clients who are facing legal action, judgements, harassment, and in some cases domestication, seizure of assets, and more.
We can help you:
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Handle Lawsuit
We will answer and handle your lawsuit.
When you default on your alternative loan or cash advance, your lenders will turn to their attorneys and collections agents to go after you in court.
The alternative lenders will sue you in states which are friendly to their industry, mainly New York, Florida, Utah, Virginia, and Georgia.
The alternative lenders want a judgment so they can seize your business and personal assets, bank accounts, and garnish your wages until you are paid back. Once you have a judgement against you there is not much you can do because you will be forced to turn over assets, bank funds, and assets to the lender.
Our team will:
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Answer your lawsuit with an experienced attorney who is admitted in the state you are being sued. Because we deal in bulk your cost will be well below what you would pay an attorney if you retain one.
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Work with the attorney and the opposing attorney, collections teams, as well as courts to settle your lawsuit.
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Not let you get taken advantage of. Alternative lenders and their collections teams/attorneys do not want you to get help because they know that they will take advantage of you.
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If you have a judgement or multiple lawsuits, we can handle all of these actions accordingly.
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If our attorney needs to counter-sue we are able to do so given the legal justification to do so.
We can help you:
We will handle your UCC liens and actions.
One of the first things that an alternative lender will do once you have defaulted on your loan or advance is file a UCC lien and commence actions against you and your business.
And, because 98% of all alternative loans and advances carry a personal guarantee of funds or performance, they can go after the business owner personally as well.
UCC actions consist of freezing of funds, harassing your employees and payers, restraining of your credit card and ACH processing and more.
We will step in and work to release your lien actions and settle any actions that are being put forth by the lender.
We can help you:
UCC Liens and Actions
Get your payments into one lower payment.
Unfortunately, the payment terms and payments for alternative loans and cash advances are never good. In fact, they are awful.
Once you have been sued or are in default, alternative lenders want their money. If they do not get their money, they will try lots of different tactics to get paid back.
Our team specializes in working with their attorneys and collection teams to negotiate new payment plans which are much lower than your original term. 100% of our clients have seen a reduction in their payments.
Furthermore, most lenders are willing to work with our team to get your payments into monthly payments so you are not crushed in your repayment.
We can help you:
One Lower Payment
Our team will stop the harassment.
When alternative lenders want their money, most alternative lenders will do whatever they can to get paid.
What most alternative lenders do not want you to know is that they are bankrolled by investors who are promised fast repayment of their investment with massive gains in profit.
Therefore, when they are not paid back, they will begin to harass the client, their payers, employees, and in some cases their family.
Our team and attorneys will address this behavior in an aggressive nature.
Nobody deserves to be harassed and we will stop it.
We can help you:
Stop Harassment
Remove Judgements
Remediate or remove judgements.
Once you have a judgment against you, it is pretty much over for you and your business when it comes to the alternative lender going after your assets and funds. In many cases they will domesticate in your home state meaning that they will come after you locally.
Alternative lenders do not want to domesticate against you - but they will to get paid back.
Our team will address your judgement and work to remediate or remove your judgement. One we have done so, collections are stayed as long as you continue to remain in good standing with the collection team or alternative lender.
We can help you:
Brokers Accountable
Hold brokers and alternative lenders accountable.
There are times when brokers and alternative lenders use shady tactics to take advantage of the small business owner. For instance, a broker might offer you a loan or line of credit once you take their cash advance, getting you to sign documents and then some. Some brokers might want advance payment to get you a better deal.
If there is a case where our attorney can go after the broker or lender we will do so.
We can help you:
Arbitration filed against you? We can handle it.
Recently, some alternative lenders are moving towards using arbitration against small business owners, before they go after them in court.
Arbitration allows the lender to file a case with an arbitration firm suggesting a dispute with the small business owner. However, once arbitration is filed, the small business owner is called for a meeting, which most never show up to resulting in a fast, positive outcome for the lender.
Once arbitration is awarded to the lender, the lender will file suit in court giving the small business owner no ability to negotiate the amount of fees, damages, etc.
When the client shows up, many times there is a reasonable outcome to their arbitration and litigation is avoided.
We can help you:
Arbitration
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