The Situation
This account had been handed to a servicing and collection agent acting for the funder. The balance: $169,006.00.
The Outcome
On June 24, 2025, the collection agent set out written terms: the funder would accept $117,955.00, starting with $20,000.00 on or before June 27, 2025, then $6,850.00 on the 27th of each month until the full amount was paid. The signed copy is dated July 7, 2025.
What It Meant for the Business
As long as the payments are made on time, the funder agreed not to pursue legal action, and to close the account and stop all collection efforts once it is paid.
That is $51,051 less than the account balance, spread into fixed monthly payments instead of one demand for the full six figures.
If your business is dealing with MCA pressure of its own, here is what working with us looks like, or read our MCA default guide to understand where you stand.
