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Carter Worth — and we're reluctant to criticize Worth because he's a gentleman of television commentary, but it is what it is — decided the S&P 500 is going lower simply because it hasn't gone very high recently.
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As noted above, however, the overall impacts of the rule are still being considered relative to a baseline of the existing Federal and State legal, regulatory, and supervisory regimes in place as of the time of the proposal.
For the most part, we have seen many clients who have taken on MCA loans where the funder makes no efforts to collect once the business is closed.
Collections remain for seven years from the date of first default with the original lender, which in total may be seven-and-a-half years after your first missed payments.
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