Consolidating credit card debt and credit score

Consolidating at the right time can get you lower interest rates, better repayment schedules, and longer terms.

Consolidating at the wrong time can waste your time, damage your credit, or get you a bad loan that can hurt your ability to borrow in the future.

Smart Biz offers these SBA loans up to 0K and repayment terms up to 10 years.Knowing when it’s the right time to consolidate business debt depends on the terms of your existing debt, your business’s current finances, and your personal credit.SBA loans will likely offer you the best rates and longest repayment terms of all business consolidation loan options.However, it’s an important skill to manage if you find yourself struggling with expensive debt, and checking your score is the first step.As a small business owner, your personal financial health is just as important as your business’s financial health.

Business credit cards are also likely your only option with 0% rates, even if they only last for the introductory period.