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.
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