It all depends upon how your business is set up. If is is a sole proprietorship – and many first-time businesses are – then you will be liable for that credit card debt, even if it is on a business credit card if your obtained that credit card using your own social security number. If you have set your business up as a Limited Liability Corporation, or LLC, then you’re only obligated up to the amount of your investment in the company, with a few exceptions. Read the rest of this entry »
Archive for November, 2009
Every week we here at Financial Facts aim to bring you a new website to help you save a bit more money.
So the first one is… Read the rest of this entry »
Financial Facts views the the key objectives of government’s proposed measures to be aimed at preventing credit card companies from continuing an “unfair” relationship with consumers.
Government wants to stop credit card providers from raising interest rates on existing debts and to ban the raise of a customer’s credit limit without consent.
Customer’s most expensive debts will be prioritised for repayment, while a rise in the size of repayments aims to speed up debt repayment. Read the rest of this entry »
In both the UK and Ireland, obtaining a credit card is a similar process. You have to answer questions about yourself, your income, age, and general financial fitness on a form. In both countries you can apply online for credit cards and in some cases get a decision within a few minutes. As with many things in life, if you have good credit history, you’ll get an answer faster and you’ll get more favorable terms.