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How Our Process Works

At Coastal Debt Resolve, we understand the complexities of MCA debt and have crafted a specialized program to address and solve these challenges effectively. Our process is designed to provide relief and clarity, guiding you through a journey from debt-burden to debt-free.
Published
May 20, 2024
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Here’s how we do it:

  • Free Consultation: Our journey begins with a free consultation. We use this time to hear your story and understand the extent of your MCA debt and economic so we may provide you with a personalized assessment, specific to your financial needs.
  • Analysis of your Debt: We undertake a detailed analysis of your existing debt liabilities based on your MCA Agreements, aggregate outstanding debt balances, direct debit schedule, and how this currently affect your business.
  • Eligible for Debt Relief: Our analysis determines if your business is eligible for our debt relief program based on the total amount owed to your lenders, the company’s cash flow, and the ability to negotiate successfully with your lenders.
  • Agreement & Specialist Assignment: Once qualified, we formalize our engagement with an Agreement outlining the terms of our partnership. You’re then assigned a debt relief specialist who will be your main point of contact during the process. Our specialists have the support of a team of experienced financial professionals, including attorneys well-versed in the technicalities of MCA debt.
  • Weekly Contact and Legal Support: Communication is key to our program. Your specialist will maintain weekly contact, providing updates, answering calls and questions, and ensuring you’re informed of every step of the process. Meanwhile, we have a Legal team in place for conducting communications with your lender(s), including negotiation attempts and handling any legal threats or actions. We’ve got you covered.
  • Escrow Account and Payment Plan: We establish a manageable weekly payment plan, with funds placed into an escrow account. This account is critical for accumulating the necessary funds to negotiate settlements with your lenders. Our goal is to make the payment process flexible and sustainable to align with the cash flow capabilities of your business.
  • Negotiation and Debt Resolution: Leveraging the funds accumulated in the escrow account, we engage with your lenders to negotiate a reduction in the total debt owed. Our experts and negotiation skills allow us to substantially reduce debt, often clearing up to $100K in debt within 6-8 months.
  • Continuous and Post-Settlement Support: Our commitment to your financial health doesn’t end with settling. Coastal Debt Resolve stands by your side, providing guidance and support as you rebuild and strengthen your business’s financial foundation. We are here to ensure a smooth transition and to empower you with strategies to safeguard against future financial problems.

Sign up today!

With Coastal Debt Resolve, breaking free from MCA debt is not just a possibility; it’s a reality. Our process brings peace of mind, allowing you to focus on what you do best – running your business. Don’t let MCA debt dictate your business’s future. Contact us today to begin your journey to financial freedom.

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