Auction Houses-Going, Going..Gone?

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Posted By: Rich Klein

This economic situation is hitting some new card dealers/stores as well

From the CU Boards

< I finally spoke with **** just a few minutes ago, they are out of business. I was told they got upside down on their lines of credit and can't recover. I was also told that if you recently sent a check for payment those will be returned, and that he said that he has been on the phone with paypal trying to resolve the chargebacks. I asked if he would be refunding the credit card payments (which is how I paid), and he told me there was also a problem with the bank so that probably would not happen and that I should just file a chargeback with my credit card company.<br>
And from an article about long-time hobby veteran's Bob Brill's store closing

< For Brill, cash flow became an insurmountable issue in September when he received a letter from his credit card company saying the $20,000 limit on his card had been cut in half. He already owed the company $9,500 >>

Rich