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Author: secondharvest Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308722  
Subject: Re: Pay off business debt w/credit card Date: 12/12/2007 11:00 AM
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I probably do have penalities in my lease but he knows the economic picture in this area and has not pressed the issue. He has a space double mine that opted out of their lease early, went out of business. So two spaces are vacant and businesses in this town are closing left and right, 3 out in the past 4 months alone. This whole area is dead, northern Indiana.

I agree that using the Credit Card to pay him off isn't the best option.
Although, if I use it to transfer a higher balance card then that option isn't even available as the credit limit will be reached.

I am closing the business as we speak, tomorrow being the last day. I have been selling the fixtures and equipment and paying him as I can. We have not set up any kind of re-payment plan but I can offer at least $300 per month, possibly more depending on how my online business does. I will be selling fulltime on Ebay. Have been dabling in it for several years but it's hard to committ the time when you have a retail store full time as well.

I'm glad that I asked, I don't usually trust my instincts but in this case I was right.
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