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Non-Tech : Kirk's Market Thoughts

COHR 191.72

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Dec 26 9:30 AM EST

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To: Jerome who wrote (2419)	12/15/2014 2:40:19 PM
From: Ken Adams	Read Replies (1) of 26869

Many years ago, before retiring, my brother was a mortgage loan manager for a good sized bank near me. At that time he advised me to get rid of credit cards I really didn't need. The reason at that time (may not be true today) was that credit ratings were affected by the amount of credit you had available to you. In other words, how deep in debt you had the potential of putting yourself into. I was carrying a pocket full of them, mostly unused. I got rid of all but a couple. Fast forward to a couple of years ago and I realized I was still carrying a Sears card dated 1965.... and I don't remember ever using it since getting it to buy 2 new tires back then. LOL

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