Small Business

We Used Money From Sales to Keep Our Small Business Going. – RJS

Ready to Collapse

“Dear Steve, My service based LLC business has about 100,000 in debt, for equipment that was sold this year. We do service and new equipment sales and when our service was not doing so good we ended up using the sales to keep us afloat. There is no garuntee of any kind, no signed documents to the creditors. I want ... Read More »

    We Owe $270K on Credit Cards From Starting a Business. – Esther

    Ready to Collapse

    “Dear Steve, My husband and I opened a business we did all the remodel and inventory licences etc all on unsecured credit cards. I know this was a bad idea but we have done this before, however not this large and were able to pay them off. But since business became so bad we were unable to pay our debts. ... Read More »

      I Lost My Job in the Detroit Auto Industry And Then Opened a Restaurant That’s Failing. – Paul

      Ready to Collapse

      “Dear Steve, Long story… Lost my job with one of the Big three in August of 2008, a few months later I found a business opportunity… this is where it gets ugly. When I lost my job I had about $120k in savings and the job prospects here in Michigan didnt look that good. I decided to open a restaurant, ... Read More »

        I’ve Been Laid Off Three Times in Three Years. The Bills Are Too Much. – Deb

        Ready to Collapse

        “Dear Steve, I am 3 times laid off in 3 years. I only have unemployment insurance coming in to support me and this may run out soon. I have no assets at all. I have lost everything in the last 3 years of lay-offs. I rent and own nothing else of value with no savings and am having difficulty finding ... Read More »

          Get My FREE Get Out of Debt Guy Newsletter

          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.

          I promise to keep your email safe and secure.