Why Do Merchant Cash Advance Companies Record Judgments In NY?
FFGN COLLECT NY
SEPTEMBER 23, 2022
Merchant cash advance agreements are drafted in a way that offers an advantage to the lender. Since the documents anticipate a default in payment by the buyer, why then do merchant cash advance companies record judgments in New York? If you were wrong, the bank or other institution is entitled to costs and possible legal fees.
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