Tag Archives: credit card debt

Transfer balance business credit cards offer a strategic way to manage business finances by consolidating debt and potentially saving on interest. This type of card allows businesses to transfer existing balances from other credit cards to a new card with a lower interest rate, often providing temporary relief from high interest payments. While balance transfers can be beneficial, it’s crucial …

Pay personal credit card with business account, a practice that might seem convenient, carries significant implications. While tempting to use business funds to clear personal debt, this action can trigger tax complications, ethical dilemmas, and legal ramifications. It blurs the line between business and personal finances, potentially jeopardizing both. This article delves into the complexities of using a business account …

Small business credit card debt can be a significant burden for entrepreneurs. While credit cards can offer convenience and flexibility, overspending or relying too heavily on them can lead to mounting debt and financial stress. This guide explores the common causes of small business credit card debt, provides strategies for managing existing debt, and offers alternative financing options to help …

Small business credit card balance transfers can be a powerful tool for saving money and reducing debt. By transferring a high-interest balance to a card with a lower interest rate, you can potentially save thousands of dollars in interest charges over time. This strategy can be particularly beneficial for small businesses that have accumulated significant debt on their credit cards …