Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site sdccs6.UUCP Path: utzoo!watmath!clyde!burl!we13!ihnp4!zehntel!dual!amd70!decwrl!decvax!ittvax!dcdwest!sdcsvax!sdccs6!ix21 From: ix21@sdccs6.UUCP Newsgroups: net.consumers Subject: Re: Unsecured line of credit?? Message-ID: <1245@sdccs6.UUCP> Date: Sat, 17-Mar-84 02:02:34 EST Article-I.D.: sdccs6.1245 Posted: Sat Mar 17 02:02:34 1984 Date-Received: Wed, 21-Mar-84 02:26:32 EST References: <581@pucc-h> Organization: U.C. San Diego, Computer Center Lines: 18 ich is quite steep for any type of loan. I have also received several offers for credit cards with guarranteed no refusal. These cards have the most atrocious annual fees. While I have not taken advantage of it I had a friend that took advantage of the loan when he payed it back the line of credit still appeared on his credit record after he payed off the loan. Since after you pay off the loan you can always ask for an immediate 2nd loan with out approval, the line of credit remains on your credit record as paid. Therefore a 2nd credit card company, one with cheap rates won't give you a card because you can always use the line of credit. In addition the original lendor does not have to remove since they correctly list the line of credit as paid but available for an immediate loan. -- David Whiteman sdcsvax!sdccs6!whiteman UCSD Medical School, La Jolla CA {insert boring .signature file here}