The universe has a sense of humour
'Member how I was bemoaning my lack of financial acumen? Regretting my checkered financial past? Putting in to words my goal to have a "regular credit card"?
Well, apparently I'm pre-approved for a $10,000 line of credit with my bank (and employer). I am dubious, but the fine print says it's being offered to me based on information they already have about me on file... They've been trying to get me to apply for the last year, but I kept saying no, that I wouldn't be accepted anyway... They sure are hot for my interest.
What the hell, I'll sign the acceptance form and send it in, but I still can't help but think that its more of a marketing ploy and less of a real offer.
Yup, I'm suspicious.
posted by Unknown @ 8:03 PM
3 Comments:
line of credit goood - lower interest than credit cards....credit cards. eeeevil. convenient but eeeeevil
Yeah, I'm really gunning for this line of credit.
The interest is only 5.75%, whereas the interest on my credit card is four times that, roughly speaking. Plus $7.50 per month for the priveledge of holding it.
Then there's the fact that my credit card has only $1000 limit.
Lesson here, folks? Guard your credit with your life. I've been working hard to repair my credit for the last several YEARS.
DON'T DO IT! no one needs that much credit! it will get you no where but trouble!
*ahem*
or so i've heard...
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