Personal credit cards have proven to be a source of financing for startup firms for all of

Fantastic news! We've Found the answer you've been seeking!

Question:

Personal credit cards have proven to be a source of financing for startup firms for all of the following reasons except:

a) credit card debt can create problems if the firm doesn't generate cash flows to cover credit card payments once low introductory rates expire credit card debt is not based on the firm's ability to repay, but rather the individual cardholder's ability to

b) repay

c) balance transfers occur at below-prime rates

d) teaser rates ard initial low-cost borrowing