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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
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