What an MCA Company Can Actually Seize After You Default, and What It Can't
The 90-Second Version: What They Can Take, What They Can't, What To Pull Up Tonight Here's the thing nobody tells you when you're panicking at midnight: they probably can't take your house. If you're in Florida or Texas and own your primary residence, the homestead exemption is so strong that a judgment creditor, including an MCA funder, cannot force a sale regardless of the judgment amount. Your employer-sponsored 401(k) is almost certainly protected by federal law no matter which state you're in. OnDeck, Kapitus, Rapid Finance, Everest Business Funding — whoever left the voicemail using words like "breach" and "confession of judgment" — knows both of those things. They are counting on you not knowing them. [ref:audience_profiler] Before you read anything else, three things. Your house and your 401(k) are almost certainly safe. Exceptions exist, they're real, and they turn on your state and on whether you signed a persona...