Credit Cards
recommended by
our experts

Get Cards
Credit Card eZine - News and Articles about Credit Cards

Credit Card eZine - News and Articles about Credit Cards

Get even more information on credit cards? Read our Credit Card eZine. The section is regularly updated by our specialists. Learn all the financial tricks. Know the pitfalls and hidden bonuses. Find out how to transfer balances and accumulate points. We will tell you about the latest offers on the market.Get your credit card education and make the most out of your plastic.

Risky Credit Decisions Threaten Women-Owned Businesses


All data shows that the woman entrepreneur is on the rise.This could be because women tend to work well in groups and are great multi-taskers and communicators. In addition to that, women are also making riskier decisions when it comes to financing their businesses, according to a recent survey by PNC Financial Services. These decisions may have an impact on the longevity of these female-run businesses.

According to Karen Kobelski, a member of the leadership team at BizFilings, an online company that helped to conduct the survey, “women business owners are growing rapidly in numbers and overall success, but their increased reliance on alternative sources of funding isn’t a great long-term strategy,” she said.

The survey found that more so than their male counterparts; women entrepreneursused credit cards as their main source of business funding. The data found that 59 percent of women-run businesses use credit cards, and 34 percent use personal credit cards.

Credit cards are not the most secure option when funding a business, as there is very little room to breathe in case of a financial emergency or a business mishap. Fixed interest rate business loans are the traditional source of funding for small and large businesses, butonly about one in fourfemale business owners opt for a business loan as their primary funding option.

This could be for a variety of reasons, but a major reason is that many female-owned businesses lack incorporation. Banks look at incorporated businesses as the cream of the crop, and are more likely to approve incorporated banks because they represent brand dedication and credibility.

Women-owned businesses tend to use approximately three different sources of income fund their business, according to the survey.Many of these women use business credit cards, personal credit cards and funds loaned from family members. Women-run businesses tend to blur the line between business and personal expenses, and this can be detrimental to their businesses in the long run.

Incorporating may be the best route for them. When a small business becomes incorporatedit detachespersonal finances from business finances. If the company goes into debt or is forced to pay money, the women’s personal items such as house, car, and other large-ticket items will be left untouched. If the business is not incorporated, then the business owner’s personal finances are fair game.

Share Opinion:   digg   Furl   YahooMyWeb   Propeller   Reddit  
Comments not found

If you have something to say, please leave your comments below.

Your Name: *
Your Email:
Your Comment: *

Enter Number from Picture: * number

* - Required Fields Add Comment
[Sunday, December 18, 2011]
Chase Bank recently announced the redesign of its Visa credit cards - allowing more space on the front for the Chase logo. This new design is in trial mode currently but Visa has pans to roll out its new design to other financial institutions in order to increase the branding and logo visibility of the individual issuing banks.
Comments (0)
[Friday, October 28, 2011]
Debit and credit: they`re both plastic, why not consolidate them? The Cinncinati-based Fifth Third Bank, is the first to offer the DuoMasterCard which consolidates both a checking and a credit card account into one card.
Comments (0)
[Wednesday, September 21, 2011]
It really pays when you do the right thing. Take credit cards for instance, having a clean credit profile really does help. Those who managed to maintain a squeaky clean credit report during the recession can now jump with joy, as they will get some of the best deals from credit card issuers.
Comments (0)
* The webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the website are property of their respective owners.
We do our best to maintain the information accurate at However, all the credit cards information is subject to change and presented without warranty. See the up to date credit card terms and conditions on the secured credit card application page. Note that may be compensated by credit card issuers when visitors apply for a credit card through the links on this website., an independent, advertising-supported website, receives compensation from the companies whose offers appear on the site. This compensation impacts where and how credit products appear on our site, including, for example, the product listing order in which they may appear on separate pages. does not present or review all available credit or financial offers.
Disclosure: Not an access card.