mortagesandforeclosures

by Cary Jensen

In today's age, everyone needs capital to get a start-up business off the ground. With the economy in reverse it can be hard to get access to funds through traditional channels. Some of the easiest ways to get credit for your company is through a credit card.

Credit cards are extremely tempting when you manage a small company. To keep your inventory flowing you may use your cards, but be careful if you can't pay it back at the end of the month. Too much debt can eat away at your company finances very quickly.

Overwhelming debt in your business can be stressful on you and your employers. Not being able to pay the bills is a warning sign to your employees that you are having a hard time getting it together. If that is you, then calling a business debt consolidation company may be a good option.

Talk to many different companies about debt consolidation. If you were shopping for a car or buying a house you wouldn't purchase the first one you see, it's the same thing with debt consolidation, interview multiple companies so you can find the one you like before you jump in.

Credit reporting agencies know that a debt consolidation will show up on your credit score. Trans Union, Equifax and Experian all factor in debt consolidations and usually it lowers your score - and it could be up to 200 points or more depending on your unique situation.

Look for non-profit debt help, there are community and state organizations that offer everything from free tax advice to free debt counseling. If you know you're going to get a debt consolidation, check these out first - it can't hurt.

If you owe a lot of IRS taxes on your business, you should get the facts about business debt consolidation. It's easy to get in trouble with the IRS if you owe a lot of back taxes, but be proactive about the situation and up front with them so you can try and stay in their good graces.

Have your paperwork in order if you are ready to get a debt consolidation consultation. You will need your city, state, zip code, phone number, financial records, outstanding taxes and many other pieces of personal information to complete the consolidation process.

About the Author:

In trouble and want to know more about business debt consolidation? Find help at http://www.businessdebtconsolidationhelp.com/

Get all the information and photos:: http://mortgagewide.info/consolidate-your-business-debt/