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Old 14-07-2006, 10:11 PM   #4 (permalink)
Babylon
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Join Date: Oct 2005
Location: London, UK
Posts: 44
Default Re: Personal Credit and LTD Company Credit/Debit Cards

Hi Hawk,

I am sorry to disappoint you but by going "Limited" is not going to improve your financial situation in the short term. The incorporated business will have very little track record of its own and therefore any funder will look at your own individual track record before granting any credit to the company. Obviously, this would be counter productive in your situation.

I suggest you talk to someone at a Citizens Advice Bureau and see whether you can come to some sort of arrangement with your existing creditors before they get out of hand.

Best wishes,
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