Merchant cash advance and separate loan products
Credibly review: payments and contract questions
Credibly describes its MCA as a purchase of future receivables with daily or weekly ACH remittances. Its published reconciliation process matters: a sales decline does not necessarily change the scheduled debit automatically.
By Business Debt Insider · Sources checked
Disclosure: BDI offers business debt consulting and has a commercial interest in this topic. This review assesses the public sources below; it is not a customer testimonial, a rating, or an audit of the company’s results.
What Credibly publishes
- Product structure
- Credibly’s MCA page describes exchanging upfront capital for an agreed amount of future sales, distinct from its working capital loan. Source
- Remittances
- The page states that automatic ACH remittances are daily or weekly and the scheduled amount is set at approval. Source
- Reconciliation
- Credibly describes requesting a credit for overpayments when actual monthly sales are below projections, subject to the agreement. Source
The difference between a scheduled withdrawal and a revenue-based entitlement is central to reviewing a Credibly MCA. Compare both the bank activity and the applicable revenue period. A payment can stay at its scheduled amount while a separate reconciliation request is needed.
Questions to resolve in writing
BDI’s checklist for reviewing your own offer or account:
- Which product is on my agreement: an MCA, a working capital loan, or partner financing?
- Which month’s receipts should a reconciliation request use?
- What is the deadline and required evidence for an overpayment credit?
- Will a credit change future withdrawals, or is it processed separately?
If payments are becoming difficult
Download the account ledger and compare it with the relevant bank statements. Separate gross business receipts, returns, transfers, and Credibly withdrawals before requesting the account’s reconciliation instructions. If the document is a working capital loan, use its own servicing terms; an MCA explanation cannot establish the rights attached to a different product.
Keep the contract, payment ledger, recent statements, notices, and a current cash forecast together. A changed payment, a reconciliation credit, and a reduced-balance settlement are different outcomes. Request the exact terms and any fees in writing.
Use the stack calculator to organize overlapping payments and read about business debt restructuring. If you have received lawsuit papers, seek licensed counsel promptly for the actual response deadline.
Frequently asked questions
- Do Credibly MCA payments automatically fall with sales?
- The current product page describes a scheduled daily or weekly amount and a process to request an overpayment credit. Review the contract and request instructions rather than assuming automatic adjustment.
- Can I use a Credibly review to estimate my settlement discount?
- No. A customer story or product description does not establish a settlement rate. Any proposal should identify the account, agreed amount, deadlines, fees, and release terms.
Sources and scope
Company pages establish what the company publishes, not independently verified customer outcomes. We did not calculate a complaint rate, typical settlement discount, or customer satisfaction score. Terms can vary by product, state, and agreement date.
For corrections or the review method, see our editorial policy.