dcsimg

How to Responsibly Use Credit Cards for Your Business

Written by admin - Leave a Comment

According to a recent Tower Group report, over 2/3 of small businesses use a credit card for expenses but only 40% of companies use a business card exclusively. Many small businesses fall into debt due to poor credit management strategies.

However, before establishing a business line of credit, make sure your personal credit rating is in good shape. Secondly, define how much credit you actually need. Some other tips offered by Inc.com is to avoid mixing personal and business expenses (particularly for a start-up), establish company financials on a monthly basis, and take on debt only if it increases revenue.

Share and Enjoy:
  • del.icio.us
  • Digg
  • Facebook
  • LinkedIn
  • Twitter
  • Yahoo! Buzz

Comments (scroll down to add your own):

None so far - share your thoughts and be the first!

Leave a comment

Subscribe without commenting

Get free updates...

Articles via e-mail:

Search this site...

Sponsors...


Credit card resources...


Recent articles...

Recent comments...

  • Leigh: Title says 35 secrets, but there is only 10…?
  • George: Personally, I think that credit cards should be paid off first since...
  • John: Hi , could someone tell me how much my credit card is worth ,, I have a...
  • mark Kesler: Where is the link to sign up online? I can’t find an...
  • teresa swett: my business was needing IRS 1040 – Schedule E earlier...
  • Marie: Hello, I have vintage credit cards I would say from the 1960’s...
  • 118 118 Money: Get more information about how 118 118 money loans work : Who...
  • Lisa Malcomb: I have a problem and cannot get a hold of a real human on...

Most talked about...

Disclaimer...

    The terms of third-party offers referenced on this website are subject to change without notice. While we strive to maintain timely and accurate information, offer details may be out of date. Visitors should thus verify the terms of any such offers prior to participating in them. Please see our terms of service for additional details.