Can I keep my business credit card?
I owe $35,000 in unsecured debt, I had started a business in the entertainment Industry, I front loaded the business in the amount of $100,000 and also had to pay a $55,000 Levy, my wife and I have been making minimum payments and have not missed a monthly payment but have been late 3- times. My question is, if I apply for the Credit counselling option, is there a way of keeping one credit card to use for my business as I need one to reserve hotels, rental car, etc. We have tried to refinance our home but we do not have enough total income to service the debt. The bank does not consider my business established as I have been running it for just under 2- years. Help, please.
Posted from: British Columbia