First off, I've been looking into franchising a business. The business would be a cafe, that would cost about $100,000, give or take. It's kind of hard to get a business loan because I'm in debt and don't have the best credit score. I was thinking, and are there any loans out there that allow a person to have the $100,000 added onto their home mortgage loan or payment. So I have a $160,000 house, and I could refinance or whatever to get a loan for $250,000 to $300,000, give or take that would include a home and business loan in one. I thought of the idea because I know of loans that will let you borrow a certain percentage of your home loan for debts and other things. So, is there any out there, or do you have any other ideas? Thanks to any answers that come my way, or advice!
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I want to apply for a grant to pay off debt and start a small business. Are there any real programs that aren't scams? How do you write a grant request? Thanks!
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First of all, yeah I know, PAY MY BILLS. Working on it, thanks. This is not about me, though. My first question is, if a bill collector calls for my husband, can I be the one to tell them to stop calling, even though the bill is not mine? I mean, I know it's my problem now that we're married, but the original bill is his. This one bill collector calls about 2-3 times a day. My husband works very long hours so he isn't here during business hours, therefore he doesn't have a chance to talk to the collectors himself, and I refuse to give them his work number. As for my second question, I guess I'll have to ask later because I'm running out of characters.
I didn't state this before, but my husband is paying on this debt, albeit minimally. It's a bill from before we were married, and I don't think I should have to pay on it, even though legally I know I'm obligated to. He pays what he can, even if it's $15-$20/week. I'm just tired of having to deal with such rude people when I didn't have anything to do with the original debt. I don't blame my husband because he is trying to pay, and he doesn't avoid the collectors inrtentionally.
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Income $60K to $75K from Soc. Sec., VA Disability, and business ownership. Less than $3K debts payable, deferred school loan payments, Bkrcy over 5 years ago. no current legal actions. Now,clearing small neg. items on credit report total under $1,000. Choice of home value in my area +-$500K.
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I want to be an entrepreneur?
I am very interested on being an entrepreneur. But I have a major problem. I do not have money nor good credit. Are there any programs, grants, etc. I could check out. I really do not want to die in debt nor keep working for paycheck to paycheck. I would like to get an income to pay my bills and grow in wealth. Thanks
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am interested in purchasing my friends resturant to help him get out of debt. He had it incorporated. So I will be owning my own corporation. How do banks and lenders view you as far as credit wise? Is it linked to my personal credit rating or do I get a separate rating for the business(corporation)? Please help before I make a big mistake. I appreciate any and all answers!
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According to recently revealed information, 80% of Hong Kong small businesses are dipped into a crisis and fall under the follwing situation: 1) More than 20% of Hong Kong small businesses are already bankrupt and awaiting the liquidation and court hearing for auction of all assets. 2)About 40% of Hong Kong businesses are losing ranging from 10k to more than a million dollars each month but still keep on operating. 3)About 20% of Hong kong business is merely make it even. 4)About less than 10% is actively making profits. 5) The remaining 10% are probably murky business.
What causes such difficulty in Hong Kong to run a business? 1) The rental cost is the highest among all Asian cities. 2)The overheads are also most expensive among all Asian cities. 3) The cost of labour and management probably slightly lower than Japan only. 4) The government tax and additional service charges are likely higest in Asia.
Many Hong Kong businesses have already relocated to China and other Asian cities
It is estimated that Hong Kong total business debt is more than 500 billion HK dollars. Many newly opened small business in Hong Kong last for as short as two months and then closed. It is only because the onwers don't know how to run a business and without the basic knowledge of cost overheads to run. Many senior citizens told me that they lost ranging from 100k to five millions in ranging from one month to three years operations in Hong Kong, Kowloon, and New Territory. A smart old man told me once in Kowloon about 8 years ago with most realistic and greatest wisdom words:" If Hong Kong civil servants don't cut their overpaid salaries, the property don't take a huge decline, the Heng Seng Index don't drop to lower than 10,000 point. The Hong Kong next generation will become hookers and robbers". I can see the Hong Kong civil servants get a big raise in salary, property values up, and Heng Seng Index exceed 30,000. Can you answer me this?Please quote words relate to the wise oldman's.
Another wise old man said that i should never run a losing money business. Go for a chop head business, if it makes money. This has evoked me with a definite decision of never think about to run a business in Hong Kong. It's not worth it!
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if you wonder how things got to be so bad…just look at our institutions of higher learning. last week our dr. gave us a test. he then proceeded to quickly do a once over on everyones exam when they turned it in. he marked wrong the wrong ones, then sent us back to our seats to try again. he said it helps the learning process. he was my advisor. im in debt 60,000 for my college loans….and now i know i'm going to be competing with numbnuts for degreed jobs. ???
this was at one of the big ten universities.
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My business is in such debt that I can not recover and I fear I may have to file bankruptcy. I am an LLC. Does that prevent me from losing my home? One of my loans is from a friend. If I file will he ever get his money back? I am 15 weeks pregnant and this all really scrares me for the sake of the baby. Does anyone have any insight or a similar situation?
More on If I file bankruptcy as an LLC, can they come after me personally?
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I am going to open a business helping people build credit and reduce debt.
the two names that we came up with are
rockhardcredit
and shapecredit
because on godaddy it is the only two names available so what names do you guys think are the best or can you come up with a better name
thanks for the help
karra
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