Latest Posts
Home > Reader Questions > Small Business Credit Relief and/or Reduction of Interest Rates. – Mr. Smith

Small Business Credit Relief and/or Reduction of Interest Rates. – Mr. Smith

My inquiry is in regards to credit (debt) relief options and/or interest rate reductions for a small business.

I am in-house counsel for a small business that, like many during this recession, has used the personal credit cards of the business’ owner to pay bills and other expenses related to our comany. Our debt has become somewhat of an issue primarily due to the incredibly high interest rates associated with said cards. However my legal expertise does not necessarily include issues peratianing to the precise in’s and out’s of credit issues. With that being said, do you have any advice as to what steps I could follow to make progress on getting our debt level and interest rate levels down and/or moving towards some sort of consolidation of said debts? Thank you very much and I anxiously look forward to your reply. Have a great day.

Mr. Smith

It’s time to put debt behind you and start dreaming about your life after debt. – Click to Tweet

The Answer

This reader question was submitted for site members to answer.

This is your chance to be a hero and help out this person by providing your feedback and answer to the question. Post your response in the comments section below.

If you have a credit or debt question you’d like to ask just use the online form.

Small Business Credit Relief and/or Reduction of Interest Rates.   Mr. Smith
Get Out of Debt Guy – Twitter, G+, Facebook

Small Business Credit Relief and/or Reduction of Interest Rates. - Mr. Smith by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Damon Day

    Hello Mr. Smith,

    There are a lot of options available for paying down debt, some more aggressive than others. To understand specifically what steps your organization should be taking to dig out of the financial bind it is now in, would require a much more comprehensive understanding of the situation, including the debt load, current and expected cash flows, and goals of the business moving forward.

  • http://DamonDay.com Damon Day

    Hello Mr. Smith,

    There are a lot of options available for paying down debt, some more aggressive than others. To understand specifically what steps your organization should be taking to dig out of the financial bind it is now in, would require a much more comprehensive understanding of the situation, including the debt load, current and expected cash flows, and goals of the business moving forward.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.