Reconsolidating loans


21-Jan-2016 22:02

The category you fit into can have a big impact on how easily you’ll qualify for debt consolidation or refinancing, and what interest rates will be available to you.offered by different alternative lenders, it’s no wonder that borrowers frequently find themselves committed to loans with terms they don’t fully understand.Borrowers in this scenario typically have low personal credit scores and their businesses are in a bad cash flow situation.this ultimately makes it very difficult to qualify for anything but a high-interest short-term loan. Or maybe you have a different reason for consolidating your debt.As a business owner, it’s critical that you do your homework.

Or, on the other hand, maybe daily amortizing payments are causing a larger dent to your cash flow than you can handle.Whatever the reason—if you’re reeling from the effects of taking on business debt you didn’t fully understand, you’re not alone.