Q: If I use my credit card to cover my business’ startup costs, is that considered good debt or bad debt?
— L. Stokes, Via the Internet
A: The more I hear about how startups use credit cards to cover the initial costs of their business, the more I’m convinced that plastic debt has become today’s small-business financing tool. This readily available line of credit may save you time, but poor debt management can quickly put your startup in jeapordy. With careful planning, however, credit cards give entrepreneurs the chance to finance their fledgling enterprise until the dough starts rolling in.
Your
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