Debt due to business failure
Date: Mon, 07/30/2007 - 13:02
I tried to open a business using my credit cards and the business failed and now i owe about 20k
How much is left of your business that you can sell off?
How much is left of your business that you can sell off?
Starting a business is always a risky decision. You could have c
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.
