First Choice Debt Solutions targets businesses and blue-collar workers to mitigate long outstanding debt and other MCA Debts while protecting your credit score, ensuring your business continues to run smoothly.
Corey owned a construction supply business that was struggling to stay afloat. With $400,000 tied up in Merchant Cash Advances (MCA), Corey faced the harsh reality of $20,000 weekly repayments, translating to a daily burden of $4,000. This financial strain was unbearable and threatened to sink his business completely.
Recognizing the urgent need for intervention, we stepped in to assist Corey. Through diligent negotiation with all his creditors, we managed to reduce his weekly repayment to a more manageable $7,500. This crucial adjustment provided Corey with the breathing room he needed to reassess and realign his business strategies.
With the restructured financial obligations, Corey was able to focus on revitalizing his business. He successfully established a new venture, generating $40,000 in monthly revenue from scratch. This fresh start not only stabilized his financial situation but also allowed him to project increased sales confidently. Through consistent effort and strategic planning, Corey managed to reduce his debt by $45,000, setting his business on a path to long-term success.
Corey's story is a testament to the power of effective financial management and strategic intervention. By alleviating the immediate financial pressure and providing a clearer path forward, we helped Corey transform his business from a state of impending collapse to a thriving enterprise.