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Tip: Creditunions often offer better rates than banks because they are non-profit organizations. You will need to use collateral for this, such as money (why would you try to borrow money if you already have money? Apply for a Home Equity Loan or a Home Equity Line of Credit (HELOC).
This unpaid debt can lead to a serious problem for businesses: garnishment. Bank account garnishment can create serious cash flow blocks for companies of all sizes, and those cash flow problems can compound into other issues, like payroll concerns and late payments on other accounts. Can Debt Collectors Garnish Bank Accounts in Texas?
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