Credit Cards
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If I use my personal credit card for business purposes, am I protected by the FDCPA?
I'm often been asked by small business owners who use credit cards to finance their business if their credit card debt is considered business debt or personal debt.
The answer is complicated and depends on state and federal laws and on how you're business is structured.
Credit cards issued to an individual who then chooses to use the personal card to finance a business may not be protected under the FDCPA if the charges are primarily for business expenses rather than for personal, family, or household purposes.
Use personal credit cards with caution when financing a business.
Finally, always consult an attorney well versed in business and credit law to be sure of your status!
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