Home » Why using your Personal Credit is Bad for Business?

Why using your Personal Credit is Bad for Business?

I came across a Youtube video with Mark Cuban titled “Why getting a Business Loan is for Morons”  it was an interview  bad credit he did on a Bloomberg news program.  During the interview Mark Cuban explained the pitfalls on why entrepreneurs should not use a business loan.  Here are some quick points Cuban pointed out:

  • There is always uncertainty with the business
  • Loans always have to be paid regardless if the business fail or succeed
  • Entreprenuers should use tools  that are available to be innovative

I have to agree with the points that Cuban made during the interview, right below I did a video discussing my viewpoint on the matter.

Check it out now. 

If your struggling to pay debt collectors who are  harassing you on a regular basis, download a FREE chapter of my latest book "Jump Start your Credit:  How to Negotiate and Settle your Debts in 10 Steps".

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2 Responses to “Why using your Personal Credit is Bad for Business?”

  1. Thanks for the video. Enjoyed watching it. After watching it, now it makes a lot of sense.

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