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Business Credit Card, WHO are you??

Go to Members page and share some info.

If I had a credit card that was charging me 37% interest, I would cancel that card.

PacificPizza, I'm in the same boat with you on Advanta. We are also looking into Business Credit Card Consolidation. I hope we can hear from someone with "straight forward" information. Please share any info you get and I will do the same!
Good Luck!

From my expereince, most consolidations are more interested in balances than what type of balances. Plus, they want high balances as they earn more fees off of them.

No lender likes to hear the word consolidate - it is a four letter word in the industry.

The only option that I can think for you - given the information you provided - is to try to find another way to pay off your balances. I know that is obvious - but try to think of what you do have that can be used as collateral for a loan (a loan with much lower interest). Also look for loans or advance products that don't focus on your credit but focus either on your customer's credit or cash flow.

Do you accept credit cards as payments? There are business cash advances that do not rely so much on your credit. What about equipment - nearly any business equipment can be sold to a leasing company (for cash) than leased back. You would make payments like you would with a loan and could even purchase the equipment back at the end of the lease for a little amount like $1.00. Again, nearly all types of equipment (even autos) or even personal assets can be used.

Do you have accounts receivables - where the factor is more interest in your customer's credit than yours?

Just some thoughts

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