Quote:
Originally Posted by **********
$50,000 at 20% would cost you $10,000 per year, "forever" if I read your post right.
Why not do this instead: Contact your credit card company and ask for a balance transfer loan. They are easy to get and cost between 1% and 4% depending on your credit rating. At WORST the loan will cost you only $2,000 one time (at best only $500). Why spend $10,000 PER YEAR when you don't need to?
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Credits very bad, prob can't even get a prepaid credit card.. I don't mind paying $10,000 a year if I am going to make at least $20,000 that I would have never made without the loan, at least not anytime soon until the business can build more capital.