Relevant:
- Vanishing Credit Lines for Consumers and Small Businesses
- Hitting the credit card wall -- Credit card debt contracts 17 percent as the grand American household deleveraging continues.
- Advanta files for bankruptcy protection
- Credit Card Squeeze Hits Small Businesses
- El-Erian: It's a Credit Contraction, Not a Credit Crunch
2009-05-13 — nakedcapitalism.com
Advante, the 12th biggest credit card issuer, is ceasing all new lending as of June 10.
This is yet another example of how the credit contraction is hitting small businesses.
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