High Credit Utilization · (Free)The Creditprenuer Group

High Credit Utilization

Need some advice. Started a business using a personal credit card, we’re moving location and restructuring so it’s not bringing in any money right now. What would be the best way to pay down the credit card? It’s at a 16% APR. I just opened a business bank account with Novo but don’t know what to do next. Should I get business credit or a line of credit to transfer the balance and build business credit? I’m applying for grants too but in the meantime what should I do?

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