OH What A Feeling!!!!
03-12-2003 | 10:57 AM
#12
Registered
Joined: Dec 2001
Posts: 4,753
Likes: 46
From: Siloam Springs, Ar.
Jon,
I can sympathize with you 100%. Most people would make an issue of using the cards in the first place. I have been in the same boat with my business. Large balances with high interest. It seems like a never ending cycle.
I finally went to the bank last year and got a concolidation (sp) loan. Man what a difference that made! Wish I would have done it sooner. My monthly cash flow jumped A LOT. Not to mention the interest I am saving.
Things have made a turn for the better though. We are now getting ready to expand the business with a larger facility. It's tough starting out on your own. My customers and the people that have helped me along the way have made a HUGE difference. I don't take anything for granted that's for sure.
Keep up the good work Jon. You obviously wouldn't have made it this far if you weren't doing the right thing for your customers.
Buck
#183
I can sympathize with you 100%. Most people would make an issue of using the cards in the first place. I have been in the same boat with my business. Large balances with high interest. It seems like a never ending cycle.
I finally went to the bank last year and got a concolidation (sp) loan. Man what a difference that made! Wish I would have done it sooner. My monthly cash flow jumped A LOT. Not to mention the interest I am saving.
Things have made a turn for the better though. We are now getting ready to expand the business with a larger facility. It's tough starting out on your own. My customers and the people that have helped me along the way have made a HUGE difference. I don't take anything for granted that's for sure.
Keep up the good work Jon. You obviously wouldn't have made it this far if you weren't doing the right thing for your customers.
Buck
#183
03-12-2003 | 11:30 AM
#14
Forum Regulator
Joined: May 2001
Posts: 24,205
Likes: 1,594
From: Worldwide
When I was younger, and in the Air Force, I did a lot of dumb things with credit cards. Several years ago I went to a debt consolidation loan, which really did save me some interest, and forced me into a regimented payment schedule. I paid it off in less than half the term of the loan, and the only thing I pay for on credit now, is business travel to wait for the expense check.
03-12-2003 | 08:35 PM
#16
Thread Starter
Charter Member #232
Joined: Oct 2000
Posts: 18,417
Likes: 6
From: Carlisle, MA USA
I tell ya you guys I have been on a high all day over this. It was getting REALLY discouraging paying a couple hundred each month and NOT getting anywere. Well I learned my lesson about buying things the way I did back then. I am running a much more lean and mean business and hopefully with some luck it will all pay off.
Jon
Jon
__________________
Put your best foot forward!
Put your best foot forward!
03-12-2003 | 08:45 PM
#17
Charter Member #927
Joined: Jan 2001
Posts: 4,834
Likes: 2
From: IN
Cograts Jon,
We have one card for bussiness expences that we earn frequent flyer miles on. Then my wife shops around for the banks with 6-12 month introductory rate that is very low. Thehn transfer any balance we have to carry to that card. You have to be very careful to get rid of the cards as the rate goes up!
We have one card for bussiness expences that we earn frequent flyer miles on. Then my wife shops around for the banks with 6-12 month introductory rate that is very low. Thehn transfer any balance we have to carry to that card. You have to be very careful to get rid of the cards as the rate goes up!
03-12-2003 | 08:48 PM
#18
Platinum Member
Joined: Dec 2002
Posts: 15,270
Likes: 21
From: Burlington, VT
Originally posted by wwwTOPDJcom
ALL this and the wedding too????
ALL this and the wedding too????
Last edited by GLH; 03-12-2003 at 08:53 PM.
