The Pitfalls Of Plastic
It started slowly. The business needed money--fast. Bills were mounting. A bank loan would take time and be a hassle. So the Portland (Ore.) restaurateur turned to his credit cards to help tide him over. He used one card, then another, then another. Before long, he piled up $95,000 on 15 different personal cards. Now he has hit bottom. Unable to pay, he faces personal bankruptcy.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Smartphones Are Killing Americans, But Nobody’s Counting
- Why a Pub in the Middle of Nowhere Was Named the World’s Best Restaurant
- Ford to Take $267 Million Hit From Recall of F-Series Trucks
- Gulf Coast Oil Spill May Be Largest Since 2010 BP Disaster
- Facebook and Google Helped Anti-Refugee Campaign in Swing States