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Business Credit Cards Articles
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| Date Submitted: 30th of May 2005 | | For years, major credit card companies have allowed cardholders
to make minimum payments of 2% of the outstanding balances on
their credit cards. Having customers pay the minimum doesn’t
reduce the balance by very much, but when the 18-30% interest
rates that many credit cards charge is applied, the result is a
profitable ones for the banks that issue credit cards. A balance
of $1000 can take nine years to pay off at 20% interest if the
borrower only pays the minimum due each month. | | Date Submitted: 30th of May 2005 | | When you decide to start a small business, you find out
pretty quickly that it takes more than skills and dedication in
your respective area of work. Besides being good at what you
want to do, you also need to known your accounting and financing
issues, no matter how annoying and boring these may be. And the
credit card problem for small businesses needs careful handling,
just like that of a regular, personal credit card. | |
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Bankruptcy
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