Comic Discussion > QUESTIONABLE CONTENT

WCDT Strips 3451-3455 (3rd to 7th April 2017)

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brasca:

--- Quote from: jheartney on 03 Apr 2017, 20:50 ---They're probably a little ahead of themselves on going to the bank. First they need to create an LLC for their enterprise, in order to prevent debts from the business from swallowing whatever personal assets they have. Assuming they don't have a store of startup capital, they need to find one: an initial investor could get them rolling, although before they go to him/her, they need to write up a business plan. I suggest Punchbot and/or Hanners and/or Station. If none of those work they could try HannerMom, but that's more of a desperation play. In any case they should set up Punchbot as their accountant.

--- End quote ---

Hannelore seems like the most likely person to turn to next.

BenRG:
Maybe I don't know how these things work but, unless Faye and Bubbles have ever defaulted on loans, they aren't going to have a bad credit rating. Admittedly, both technically unemployed and with only barely-sufficient savings wouldn't lead to a good one either. A lot depends on how desperate the local S&L is for business! That said, the interest rate on a loan to them would be... pretty high and the phrase 'lose your shirt' will probably be in there somewhere!

I do know where this is going though: They need someone to be an investor to underwrite the business. Then it's their credit rating that would matter and they might be able to get better terms.

Sorflakne:
I use my credit card for pretty much everything except rent, can honestly not remember the last time I used my debit card for anything other than an ATM withdrawal.  Too many people seem afraid of credit cards...they're honestly not bad if you stay within your means, don't go wild, and pay the statement off every month.  Just budget with them like you do normally with a debit card or cash.  And you kind of need a credit rating if you want to buy a house or car (or business) or rent an apartment, best way to get one is to use a credit card.

Wish I knew my credit rating now.  Last time I saw hard numbers was in 2010...wonder how it's grown since then.

pwhodges:
I don't know about other places in this regard, but in Italy you cannot hire a car with a debit card; absolutely only a credit card is accepted.  I don't know why; in South Africa the car hire company was perfectly happy to put a provisional call for £1500 on my debit card as deposit, so it's not that the facility is unavailable.

Tova:
I get paid monthly. My monthly expenses, however, are very spiky. One month in particular sees a couple of very large bills. The credit card is perfect for smoothing my cash flow. It means I don't need to draw on my mortgage offset account to pay the bills. The credit card statement is always paid in full each month so no interest is payable.

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