Myth No.1: I can negotiate with credit card companies myself. The truth is, having an experienced negotiator on your side can help. At American Finasco, most of our clients have told us this familiar story. When they call a credit card company to try to negotiate a balance themselves, the credit card companies have a...Read More

Unlike a loan, a Merchant Cash Advance is not assigned an annual percentage rate. Instead, you pay a factor rate. The factor rate is conveyed as a decimal point and it is the amount that you agree to repay to the advance provider. Although the fee can vary, it is usually between 1.3 and 1.7. The...Read More

Do you find yourself stuck in a Merchant Cash Advance(MCA) that you cannot pay? Does this sound like you? You took a $25,000 business cash advance for six months. The person selling this to you made it sound easy stating your payments as “just $250 a day.” But, even with your business savvy skills, you...Read More

It is an attractive offer at first. If you’re business is strapped for cash, there is a way you can be approved for thousands of dollars of funding within 24 hours, even with poor credit. It’s called a Merchant Case Advance. This industry has grown dramatically over the last decade. You probably find these offers in...Read More

Small businesses looking for extra, quick cash may look into a Merchant Cash Advance. This is a quick option with, what seems to be little hassle.  Merchant Case Advances aren’t technically loans — they represent a purchase of your advanced sales. Essentially you sell your future credit card and debit sales to a company in...Read More

If your business is facing tough times, a collection agency may be contacting you to collect unpaid debts. Contact can be in the form of letters or a phone call. What is the worst thing to do? Ignoring a debt collector who is contacting you. The agency can report the delinquency and it will show...Read More

American Finasco provides many services to companies that are unable to meet their financial obligations. Our commercial debt management services have proven vital to many small businesses that, with our help, are now back on track and thriving. Using our commercial debt management services can help your business avoid bankruptcy, and allows you to focus...Read More

American Finasco prides itself on all of our services, especially the one that sets us apart from other debt settlement restructuring organizations, our National Network of Attorneys. Hiring a lawyer can be difficult, time consuming and stressful. American Finasco developed a National Network of Attorneys in 1988 when it became apparent that most of our...Read More

Contrary to popular belief, commercial debt can be used as a tool. Although most business owners avoid debt because of the devastating effects it can have on a business, there are reasons why it can be useful. A healthy amount of debt can give your business the power it needs to grow. Plus, the interest...Read More

Maintaining a healthy credit score is just as important to your business credit as it is to your personal credit. If you notice your business credit score fluctuating, this can be perfectly normal. To understand why it can change is important and helps maintain healthy credit. Good credit is important for your business to remain...Read More