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Kiplinger

Business

Deborah W. Ellis

Are Credit Cards an Alternative Source of Income?

A man holds a credit card in one hand while he looks at a tablet in the other.

Why would a bank take $15,000 out of a client’s account with no explanation or any chance for the client to stop the action?

That’s the question my friend asked herself after receiving a distressed call from her son, an accomplished entrepreneur. What happened next highlights the danger of relying too heavily on credit.

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