203 - Business Credit - It's Not Fibbing Its FRAUD

Business Funding... Business Credit... Business Lines of Credit... Whatever you choose to call it, It’s nothing more than a piece of cheese on a mousetrap! It will keep you in financial prison AND can land you in Real Prison.  In this episode, I discuss this very slippery slope and what happened to David Gaylord of Rochester, NY. (Spoiler alert: It’s not a pretty picture). As the economy continues to get life breathed into it by the smoke and mirrors of the Fed, one thing for certain is that irrational exuberance will lead many Americans into making financial commitments that they simply cannot afford. In this episode, I dive into America’s latest dumb thing to do in regard to borrowing money and abuse of credit.  Many claim they are doing this to “Build their business” while in reality, if they need a credit card for that they have no business to begin with.