Internet's first get-out-of-debt community - 134,000 members

Posted: Mon Jul 30, 2007 1:02 pm Subject: Debt due to business failure

I tried to open a business using my credit cards and the business failed and now i owe about 20k

Posted: Mon Jul 30, 2007 1:21 pm Subject:

How much is left of your business that you can sell off?

Posted: Mon Jul 30, 2007 1:34 pm Subject:

Starting a business is always a risky decision. You could have created some back up so that you can face an emergency situation. Using the money from credit cards just doesn't sound right to me. It just puts you into more debts in a situation like this. I hope that you will be more careful next time. Speak to a debt counselor to set up a repayment plan with your creditors.

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Debt due to business failure

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