Your business partner can be a the biggest scammer too

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Some people want to start up a business with the person they are familiar with, such as your friends. Someone you know for while, and you thought that you might trust him/her. With the process of business startup, money is the biggest obstacles for majority of people. To start up a business, keeping the capital flowing can be difficult. You might had thought about borrow money from credit cards. You must check on your partner on credit card activities, otherwise, you can be scammed in big time. My cousin, he was scammed by his business partner. He thought that he can trust his friend. When he turn around his back, his friend used over $6,000 credit line for other activities that he didn't even know. Whne my cousin asked him what he used that much money for, he simply excused it with "for business activities only." Now, my cousin stuck with this $6,000 debt, with the harassement of the collection agency keep on calling. Before you have any money transaction type of relationship with your friend, better be cautious. That is the only way to protect yourself.