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If you are starting a business and have bad credit, you are probably wondering where the best place is to get bad credit business credit cards. Business credit cards are given out as freely as personal credit cards, nor are they solicited by as many vendors. Luckily with a good eye and sound judgment, you can easy get yourself set up with either a good business credit card, or even better, fix your credit.
Your options are certainly limited when you have bad credit; business credit cards tend to be less available, and it is difficult to believe many of the too-good-to-be-true offers that are made from the aggressively soliciting creditors out there. This is why it is often best to go with a secured credit card, and ensure that the credit card you are getting is reputable. Secured credit cards will require you to hold some money in a savings account as collateral, but they will give you an excellent credit-building opportunity, and some security in knowing that your credit card carries a legitimate, fixed interest rate.
Of course, there is no substitute for fixing your bad credit; business credit cards can be a good tool for doing this. First you will want to make sure that you are not getting yourself in any more trouble with your credit cards; go through your expenses and figure out what is necessary and what is not, and try readjusting your expenses so that you find yourself closer to the black. You will also want to make sure that your credit profile is clean and that you are not suffering from bad credit due to a technical mishap. Try consolidating your loans with the aid of a non-profit company and try paying off your loans, starting with the ones with the highest interest rates first.
Once you have this done, you can start rebuilding your bad business credit the right way. You can reapply for some new bad credit business credit cards, and pay them off in a timely manner. Keep your expenses low and your profits high and you will have your business credit back in no time.
