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Wednesday, January 27, 2010

Debt problems of small business owners

Looks like I am not alone. According to Bob Lawless of Credit Slips, 1 in 7 bankruptcy filers are self-employed at the time of bankruptcy. Though I never contemplated bankruptcy, I fit the profile--high amounts of credit card and unsecured debt.

Lawless's point is that people in financial distress are easy targets for debt reduction scams. Be careful out there.
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