Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site pucc-h 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....