Our Pick: ClearBizDebt
“So I Did a Search for Companies With Positive Reviews and I Came Up With Yours.”
A business owner told us that after reading reviews of another firm. We are ClearBizDebt, so this section is our case, made on what the program puts in writing. ClearBizDebt is an attorney-backed MCA debt settlement program for merchant cash advance debt only.
- Attorney-backed, not a law firm. If a creditor files a lawsuit during the program, an attorney is assigned at no additional cost and handles the response.
- Every position handled at once, with one reduced weekly payment set against what the business can realistically carry.
- Each balance negotiated with the goal of settling for less than the amount owed.
- A written plan and the full fee schedule before anything is signed.
Red Flag 1, Answered: Fees in Writing Before You Sign
The full deposit and fee schedule is shown in writing during the consultation, before anything is signed, so you can see how each weekly payment splits between fees and the escrow balance. Fee models vary across this industry, from enrollment fees tied to enrolled debt to success fees tied to savings, so fee transparency is the test, whatever the model.
“They're given a full schedule of the weekly deposits and how those funds are allocated.”
Our client success team
Red Flag 2, Answered: Every Settlement in Writing
Each settlement is presented to the client for approval and documented in writing. When a funder agrees to settle, that balance is paid from escrow and the position is closed. The escrow account is in the client's name, and the client can access and verify it at any time.
“There's nothing that you have to do, just review, sign if you agree, and that's it.”
Our client success team, on how a settlement reaches the client
Red Flag 3, Answered: An Attorney If a Creditor Sues
If a creditor files a lawsuit during the program, an attorney is assigned at no additional cost and handles the response. ClearBizDebt is the program, not a law firm, and it does not practice law. The legal work on your case is performed by an attorney assigned to it.
That is a structural difference, not a knock on anyone. Grant Phillips Law and Colonna Cohen Law are law firms, and ClearBizDebt is an attorney-backed program. If you want a lawyer of your own from day one, or a judgment is already entered, a law firm is the more direct route. Delancey Street is attorney-founded and not a law firm, so on this point it is built the way we are.
Red Flag 4, Answered: Someone Who Keeps Calling You
A dedicated rep walks each client through every phase of the program, from intake to resolution.
“...their reps follow up one time with them that week, they follow up two times the following week, um, with the client, and then they follow up weekly.”
Our client success team, on the first weeks after enrollment
And When We Are Not the Right Call
Not every business fits a settlement program, and we say so on the phone. When an owner called us after a funder had already frozen the account, our sales team told him plainly:
“To be completely honest with you, the cheapest way for you to resolve this is to try to work something out with them directly.”
Every MCA agreement gets reviewed first, including whether it carries personal guarantees, a reconciliation clause or a confession of judgment (COJ). The full process behind our MCA debt settlement program, step by step, is on our MCA debt restructuring page.
