I need someone to show me the math plainly. I know what the MCA funders say I owe now, but I do not know what reverse consolidation adds on top. Is there a new factor rate, origination fee, closing fee, broker fee, or legal fee? What is my total payback if I do this versus if I deal with the current balances another way?
The right way to evaluate the offer is total dollars and timing. Ask for the funded amount, every fee, the factor rate or interest rate if there is one, the payment amount, payment frequency, term, total payback, and any prepayment rules. Then compare that to your current payoff balances and the realistic cost of settlement, restructuring, or refinancing. A lower weekly payment can still be expensive if it stretches the debt and adds a large new payback. Do not sign until the provider gives you the full all-in number in writing.