What are some good plans that could be considered when you repay debts for your business?
July 17, 2015 5:36PM
Well it seems like you are asking how you should go about repaying debts for your business correct? First and foremost, you should take care of any debts you owe where you loaned money. Those tend to have the highest interest rates which means the longer you delay paying it off, the more you'll end up owing at the end. Second, you can pay off any debt that you may have racked up on credit cards because once again there is interest on your business credit card as well. However, the principle interest on credit cards is usually lower than that from a loan so I would take that route.
I don't understand what you are asking.. What do you mean?