I am a small business owner.

I am a small business owner. I have always been very responsible about my credit, but the amount I owe has gone up consderably in the past 2 years due to the fact that I have been bailing my own business out to stay afloat in these difficult times. Even so up till last winter I had considerable credit available on most of my cards. I was in no way MAXED OUT. Almost all my cards then lowered my credit lines and made me seem maxed out. Then a few weeks later, using the fact that I was "maxed out" raised my aprs. Now Chase has raised their minimum payments making it impossible for me to keep paying the minimums. My cards have ensured I face more and more difficulties in repaying them, even though I have always been a stellar customer.

I have managed to find a location to move my business where I will be paying half in rent than I currently pay. I am raising all the money to pay for the move through friends because my credit lines and cards were cut. I am succeeding in making my business survive despite the "backstabbing" from my bank and other banks where I had business credit cards and credit lines. 

Christine King, Small Business Owner in Miami Beach