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Merchant Cash Advance Trap EXPOSED!

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Rabbi Yaron Reuven avatar
Rabbi Yaron Reuven

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It just makes the customer think that this is the interest they're charging him, 9% but they're not charging him 9%. They're charging him 100, 200, 400, 4,000%. One of the things that a person realizes within that first year of working into the cash advance business, I know from people that have spoken that have are in it and have left it and unfortunately some got into it and then left it and didn't believe what I said is that the merchant cash advance business is not just a predatory business. It's the predatory of the highest regard because the only thing they evaluate is how much money you have in the bank based on your expenses in order to determine how much lifetime you have. If you have 3 to 6 months worth of lifetime, you're custom. Money's coming in. They'll lend you money. Why? Cuz they're going to want to suck dry that last 6 months from you a little faster. They don't care about your business. They don't care about your success. They simply try to make two, three, four times their money within a short period of time while you're still alive so they can move on to the next barely living business. And if you don't believe what I say, you can simply talk to the lawyers that deal with it.