Merchant Cash Advance Experience?

topic posted Fri, April 11, 2008 - 12:57 PM by  TigerLily
Hello again... so I got some junk mail from AdvanceMe, a Merchant Cash Advance company. And it got me started doing some research on the subject.

Does anyone here have any experience with any company that provides this service? If so, can you please share the pros and cons of such?

Thanks in advance!
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TigerLily
offline TigerLily
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  • Re: Merchant Cash Advance Experience?

    Fri, April 11, 2008 - 1:13 PM

    Yep - I've worked with them in the past.

    If you wait until the end of the pay schedule, they will take the top legal amount as interest, probably topping out at something like 28%. That's very, very expensive money, 'eh?

    Only take it if you have no other options.

    That said, if you choose to take money like this, someone I know does this and is very trustworthy, reputable and reasonable all around. Please PM me if you'd like their info.


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