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Path: utzoo!watmath!clyde!floyd!harpo!ihnp4!inuxc!pur-ee!CS-Mordred!Pucc-H:aeq
From: aeq@pucc-h (Jeff Sargent)
Newsgroups: net.consumers
Subject: Unsecured line of credit??
Message-ID: <581@pucc-h>
Date: Thu, 8-Mar-84 17:27:31 EST
Article-I.D.: pucc-h.581
Posted: Thu Mar  8 17:27:31 1984
Date-Received: Sat, 10-Mar-84 07:59:09 EST
Organization: Purdue University Computing Center
Lines: 19

I wonder where THESE jokers got my OFFICE address....

Today I received (at my office) an invitation to apply for a $10,000 unsecured
line of credit (i.e. my signature is all that's needed) from Security Pacific
Executive/Professional Financial Services.  I am, in a way, complimented that
someone thinks I'm that good of a credit risk.  (I actually think I am, but
this is the sort of thing that you don't expect to see until you make over
$50,000 a year, which I'm nowhere near.)  But do I really need a preapproved
line of credit of that size, particularly when the finance charges on the
unpaid balance are 18% (and when their invitation letter says that the
application process can be greatly expedited by including a copy of a recent
pay voucher...or of my latest Form 1040 [!])?

Anyone have any ideas/suggestions/warnings (e.g. from prior experience)?

-- 
-- Jeff Sargent
{allegra|ihnp4|decvax|harpo|seismo|ucbvax}!pur-ee!pucc-h:aeq
...drifting along with the tumbling terminals....