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How to: Trucking Business Debt Relief

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There’s one thing all businesses fear, no matter how small or large, and that’s bankruptcy. And if the road to hell is paved with good intentions, it might as well be said that the road to bankruptcy is paved with debt. And sadly, small businesses, those working in trucking included, face more struggles than bigger businesses...

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What to Look for Before Selecting a Business Debt Settlement Company

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Few things kill businesses as quickly as debt. And debt is something that many business owners struggle with on a daily basis. According to a Gallup poll, over a third of small business owners are feeling the burden of debt. For many, the debt isn’t small, either. A study by Experian found that the average US small business owner has debts of $195,000.  For companies drowning in debt, business debt settlement companies offer a way out. But finding the best debt settlement company can be difficult. Business debt reduction companies act as an agent on your behalf, negotiating with...

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How to Restructure Your Business Debt

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Even the best-made and most realistic business plan can be knocked off course by a freak occurrence. An unexpected bill comes in that hits your cash flow. A key piece of machinery breaks and needs to be repaired or replaced. Business loans and cash advances can bail out a struggling business, but they can also get a business into trouble. High interest rates and mounting fees can leave business owners with few options. Despite business bankruptcy rates being at their highest since March 2013, shutting up shop is not inevitable. Debt restructuring provides a viable alternative.  Debt...

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