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Debt Free League Offers Lower Fee Small Businesses Debt Restructuring Over Business Loans and Bad Credit Business Credit Cards


Unavailable small business loans have popularized the use of business credit cards. But, Debt Free League warns of a card glitch exposing small businesses to personal bad credit and the loss of assets. As an alternative to help resolve major cash flow problems, the business debt relief company offers business owners debt restructuring, and with lower fees through the Debt-to-Freedom Plan.


Business Credit Cards Are a Personal Liability


San Diego, California - - August 27, 2011 - - The scarcity of business loans has increased the popularity of business credit cards, yet Debt Free League warns, they also increase risks for bad credit and the loss of assets for small business owners. However, their business debt restructuring may be a better solution to resolve serious cash flow problems. Plus, now the debt relief company is offering lower fees through their Debt to Freedom Plan.


The heavy financial toll in Wall Street has put U.S. small business owners in an eminent debt and credit crisis. According to a Pepperdine University study, so far this year 60 percent of small business loan applications were denied by banks. (Source:


Although many small businesses are scurrying for working capital to keep their doors open or prevent bankruptcy, commercial banks are hardly issuing business loans out of fear of yet another market crash.


San Diego based, Debt Free League explains banks have very valid reasons not to give out commercial loans. The U.S. economy presently hemorrhages from a 9.1 percent national unemployment rate. And over 36 percent of Americans are under employed.


The business debt relief company also cautions small business owners about the increased use of business credit cards to fund working capital.


In a 2008 National Small Business Association survey identified credit cards as “the most common source of financing for America’s small-business owners.” The Federal Reserve also confirms this reporting that in 2010 more than 80 percent of the country’s 27 million small businesses use credit cards for working capital.


But, Debt Free League representative, Eric Santacruz warns, "The use of business credit cards is seriously endangering both the personal credit score and assets of small business owners.”


He blames a dangerous business credit card entrapment.


Santacruz supports this observation citing a study on the business credit card applications of Capital One, Bank of America and eight other of the top ten credit card issuers. The study reveals that buried in the fine print of most business credit card agreements is a "personal guarantee" clause that holds both the business owner and the small business responsible for the use of a business credit card.


The technicality aims to entrap even the incorporated small business owner. Consequently, if a small business gets in the red and business credit cards aren’t getting paid, the small business owner will not be able to shield personal assets or gain limited liability from financial obligations.


Debt Free League also warns of a secondary business credit card risk: The likelihood of acquiring bad credit.


The company states that business credit card payment delinquencies, such as late payments and charge-offs, eventually reflect on the individual’s personal credit report with Experian, TransUnion, and Equifax.


Additionally, the bad credit mark is reported for not less than seven years, which can radically reduce a personal credit score, hurting a business owner’s chances to get a mortgage, auto, or business loan.


In lieu of using business credit cards to resolve cash flow problems, Debt Free League has been helping their business clients to get out of debt via business debt restructuring. The solution, also referred to as commercial debt settlement, essentially restructures a business debt repayment at a substantial reduction of the original balance.


“After maxing out his corporate credit cards, one of our business clients went nearly bankrupt. Fortunately, we helped him restructure a pay off on all of his outstanding business debts and he was able to increase his cash flow”, Santacruz adds.


Businesses in a financial crunch may see business debt restructuring sounds as a miraculous solution. And now, with help from Debt Free League, small businesses are not only resolving severe cash flow deficiencies. Through this procedure, the Debt-to-Freedom Plan is also helping business owners save more money by paying lower fees. But, the promotion is offered for a limited time. For more information, call 1-800-213-9968 or complete their free quote form.


About Debt Free League

The debt settlement company and provider of the Debt-to-Freedom Plan provides a bankruptcy and debt consolidation alternative that negotiates discounted payoffs on unsecured debts, including credit cards, signature loans, medical debt, business debt, corporate credit cards, vendor contracts, and corporate leases. The company hosts the "How to be Debt-Free without Bankruptcy" radio program and can be reached at 1-800-213-9968.


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