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Should you finance your company with a credit card? | Oxygen Financial
published 868 days, 4 hours, 16 minutes ago posted by BHGDigitalBHGDigital 887 days, 3 hours, 4 minutes ago
Wednesday, September 23, 2009 2:38:25 PM GMT Friday, September 04, 2009 3:50:11 PM GMT
Should you finance your company with a credit card? | Oxygen Financial

"Relying on credit card debt is very expensive and makes these businesses financially unstable," said Scott, assistant professor of economics and finance at the Leon Hess School of Business at Monmouth University in New Jersey.

Yet almost 6 out of 10, or 57.9%, of the nearly 5,000 firms in the study used credit card debt to get started. The report looked at credit card use by the businesses in 2004, the year they all got going, through 2006.

category: News | clicked: 0 | | source: www.oxygenfinancial.net | show counter code
tags: business, credit cards, expenses, financial services, Investment Advice, money management

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