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Business credit card debt surge and rising default means the 27 million U.S. small business owners are less likely to hire
07/05/2008
Between 2000 and 2009 there was a sixfold jump in the number of business credit cards to 29 million and the debt on these cards jumped four fold to $296 billion. Small business owners acquired the bad habit of using these cards for operating expenses. with rising default rates, small businessowners are less likely to hire and create jobs as they have done before.
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