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IPFS News Link • Economy - Economics USA

Advanta’s Card-Lending Shutdown May Imperil Customers

05-12-2009 • Bloomberg

Advanta Corp., the credit-card issuer for small businesses, may leave 1 million customers scrounging to find new lenders and debt holders facing losses of 35 percent after the company shut down accounts to preserve capital.

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Reported By Powell Gammill

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