article thumbnail

How to Recover From Business Credit Card Debt

Fundera

The biggest consideration for card issuers is your personal credit score—if you’re responsible with your personal debt, as indicated by your credit history, you’re lower risk for a business credit card. You’ll need a good credit score to qualify for one of these debt consolidation loans.

article thumbnail

How to Get Merchant Cash Advance Debt Relief

Fundera

Financing companies provide a lump sum of cash, which they calculate according to your business’s credit card receivables. In return, that financing company takes a percentage of your credit card sales. If you truly have no other options, a merchant cash advance will work, since many MCA providers accept bad credit.