Content about MCA cold calling, spam, and aggressive outreach.
If you have ever applied for a merchant cash advance or other business financing, you have probably discovered that stopping the marketing is not as simple as asking one company to remove your information.
The challenge is that your information probably exists in dozens, or even hundreds, of databases maintained by lenders, brokers, and lead generation companies. Removing yourself from one list does not automatically remove you from the others.
The goal is to make your information less valuable as a marketing lead and to reduce the number of companies that continue contacting you over time.
Tell the caller you are no longer seeking business financing.
Many brokers categorize leads based on the likelihood they will obtain financing. If you clearly state that you are not looking for funding and ask to be removed from future marketing, legitimate companies will often update your record and stop contacting you.
Ask to be placed on the company's Do Not Contact list.
Most established brokers maintain internal suppression lists. While this will not stop calls from other companies that purchased your information, it can prevent repeat outreach from the same organization.
Avoid submitting multiple financing applications online.
Every application or lead form you complete has the potential to introduce your information to additional brokers and lead buyers. Before providing your information, determine whether you are applying directly with a lender or through a lead generation website.
If your personal cell phone is receiving marketing calls, verify that it is registered on the National Do Not Call Registry.
Many legitimate brokers periodically scrub their calling lists against the registry to reduce potential liability under the Telephone Consumer Protection Act (TCPA). While registration will not eliminate every call, particularly from companies that ignore telemarketing laws, it can reduce solicitations from businesses that comply with federal regulations.
One overlooked source of business loan solicitations is an old UCC-1 financing statement.
After an MCA or other secured financing has been paid in full, the lender should terminate its UCC filing. However, that does not always happen promptly. As long as the filing remains active, your business may continue appearing in UCC monitoring services used by brokers and lead generation companies.
If you have already satisfied the debt, confirming that the UCC has been terminated may help reduce future marketing activity.
To learn how to determine whether a UCC is still active and how to request its termination, visit our guide: https://beyondmca.com/resources/ucc-filings-and-how-they-lock-you-in
