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[Lynn Wigglesworth <lynnw1366 AT hotmail.com>]

I was just checking to see how easy/hard it is to get credit. I have 
enough problem paying the bills I have now, don't need any more! I used 
one of those special promo convenience checks through a credit card to 
pay for my new fence...it's at 3.99% for the life of the loan, and I'm 
careful to pay on time and never put anything else on that card (they 
are counting on me screwing up so they can up the rate to 21%). So far 
(over a year into the loan) it's working as promised. It was a better 
rate than I could get at the bank at the time.

Lynn Wigglesworth


EarthNSky wrote:
> Careful Lynn.
> I did that once..learned my lesson that.
> Those checks are treated like a cash advance and may be financed at a 
> higher rate than your normal card rate.
> When I used one, I thought I was writing the check at 11%, but it turned 
> out that it was charged at 21%.  Just check before you write the check.
> 
> Bev
> 
> Lynn Wigglesworth wrote:
>> All this talk about a credit crunch got me wondering. I called my credit 
>> card company (Chase) yesterday, and asked about the Convenience Checks 
>> they are always sending me...are they still good? Will they honor them?
>>
>> They not only honor them, but offered to raise my credit line so I could 
>> borrow more, and to have the money instantly deposited in my checking 
>> account. Hmmm...I'm unemployed and have a pathetically low income...one 
>> look would show that I couldn't afford to pay it back, yet they would be 
>> happy to loan me whatever I want. Credit crunch? What credit crunch? 
>> Have these banks learned nothing?
>>
>> Lynn Wigglesworth
>>
>>
>>
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