Credit Manipulation

Unlike current bank loans, credit cards carry high repayment charges. The monthly interest rate is often four times higher. Yet used judiciously, credit cards can be a quick way to purchase goods and indirectly fund your business.

Using your credit card as a source of finance makes complete sense, provided the retail price (after all bad debts) is well ahead of the total production costs plus all likely interest. Credit providers are delighted to extend your credit if you have a good payment record. However, you should only use them to deal with cashflow against known monies coming in, and be sure to build the interest into the price you receive. Otherwise, the rates are heinous.

Emergency Quick Cash

Emergency Quick Cash

At least once in every person’s life comes a time when the need is great and the resources are few. It can be hard enough to make ends meet on a decent wage, but, when the times get tough and the money just is not there to meet the need, a person can easily despair.

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