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mattC,
I commend you for making those changes and getting your personal financial house in order. It`s thing I recommend clients do first.
As to using credit cards to launch the business - while starting any business involves some risk, if you project (from your business planning) that yours can reach cash flow neutral with the capital you have available and you`re comfortable with taking on the debt - then I`d go for it.
On the other, hand, I`ve seen too many people take on personal debt and then discover that they can only "build the bridge half-way over the river".
Good luck with your new business.
tim
what does bcscredit do, do they loan or just a advice team this is really hard to start without giving your personal credit i have gotton the basic credit, but need credit cards for a start up no one will give us starting credit do you know of any companys I tryed amex also capital one also orichard bank they all denied thanks
phanio,
Well put. May I add that there is a difference between using your personal credit history and providing a personal guarantee. All the lending entities that I know will look at the credit record of the principals of a startup company. Since the company usually has few assets and no history - checking the "credibility" of the owners/founders is "standard".
A good friend who has been in business for over 10 years still needed to supply some basic personal financial data when his company wanted to purchase equipment.
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