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The spate of credit card offers and leaflets that the majority of us receive through the post or within our daily newspapers, which promise us unlimited spending power and perhaps blank cheques, has threw up a major surprise and that's the way that small businesses are utilizing personal credit cards that you or I personally use for granted in our daily individual use, to finance their business methods. Many are doing this to the actual tune of almost £ 2 Billion a month and this isn't getting spent on business expenses that they'll claim back from the company coffers. The largest uses are travel or entertainment. The personal credit cards are getting used to fund the workings of the actual everyday running of the business and perhaps the company car is being charged towards the credit card. This has all come about due to the easy access to credit card loan companies funds, which are put under the noses at every turn. You cannot even visit a supermarket or shopping mall without being accosted by some charge card sales representative offering you the possibility of spending someone else’ s cash. So overall it is hardly surprising that lots of people who either have to fund a small company or wish to start one, would feel this to become an easier road to go lower, rather than sitting in front from the local friendly neighbourhood bank manager and needing to explain all the little details on why you'll need a loan, while asking you to supply guarantees. The guarantees enable them every single child get their cash back and this may mean putting your home up as collateral if everything backfires. So all of this makes the trying to get the credit cards the easy choice, as it quite easy to affect credit cards and see yourself with a spending power of thousands of pounds with an amount around £ 50, 000 easily attainable. A lot easier than applying to the bank with this amount of backing! There a simple reason for this and that's that the bank, even if you think that they're killing your business plan, have to check out all the pros and cons for your claim and will access things that may even go wrong you have not even considered or put into your company plan, before they will loosen the actual purse strings. By doing this, the banks will also be protecting you, yep that’ s right protecting you from any irresponsible borrowing that can lead to you falling into a debt that you just cannot find away out of. When you go to the bank, you will be protecting yourself personally and if you're going the way of a restricted company, with the assets of the company alone being the sole contributor associated with any debts owed, where as should you go down the personal credit greeting card route, you will in no doubt find that a few big burly bailiffs, will come a Knocking at your door and begin taking stock of you and your families belongings and that might be a tad more harder to take than the usual NO from your bank manager. Useful connections: Debt Advice-[http://www.adviceguide.org.uk/]
Credit Card Advice-[http://www.creditcards-gb.co.uk]






Peter Kenny is really a writer for creditcards-gb. co. uk. For additional articles and a comprehensive resource for everything about credit credit cards and loans, please visit us from creditcards-gb [http://www.creditcards-gb.co.uk] and moneywize [http://www.moneywize.co.uk]

View this post on my blog: http://creditcard.valuegov.com/using-a-credit-card-to-fund-your-business/