===== What about credit card debt? =====

Some entrepreneurs find it easiest to start their companies using credit card debt. The argument goes as follows: I expect to earn a 30% return on my investment in my company so why shouldn't I borrow money on my credit card at a 12% interest rate?

If you decide you want to take this route, just record the credit card debt as any loan in <php>echo $conf['comp_name'];</php>. After all, it is just a loan.

{{keywords>loan, credit card}}

**Related Questions:**

**[[https://www.offtoa.com/wp/?p=247|How does a start up company get money?]]**

**[[:faqs:loans:how-to-include-loans|How do I add/change a loan in Offtoa?]]**