Sunday, May 13, 2012
Ready to Secure Business Credit Card that You Hold?
Are you running a small business? How is it? How did you get the budget to start it? Did you take a credit from the bank? Well, you surely make hard afford to pay it on time, do you? When you have bad history of payment, what will you do? You need the bank to secure business credit card that you hold.
If you hold secured business credit card, you can easily ask for another credit to the bank. The interest hat is charged to you are usually lower than the unsecured one. If is very good for you who has small business. If you still need more credit, you can directly ask to the bank. But this all thing can you get with one important requirement.
The bank will ask you to put deposit for the guarantee. What is the guarantee for? The guarantee you put is to protect the bank from the loose if you can’t pay back your credit. This seems cruel but it is exactly equal. Before you take this service, you have to read carefully the agreement that is offered by the bank.
After you agree with it, you can hold get the credit card. The bank will also secured business credit card that you have from any bad transaction.
If you have bad habit in sending the amount on the payday time, the bank will own your deposit. But if you can pay the credit on time and make good history payment, your deposit is safe. To avoid any bad condition, you have to think many time of what asset that you will put as the guarantee.
If you are not ready to lose it, you have to put other thing. Ready or not, you will never know what may come in the future. You have to try to be a good customer to save your deposit. And you have to choose whether you want to secure business credit card that is on your hand or not.