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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: XBrit who wrote (6102)	10/18/2002 12:00:51 PM
From: Tradelite	Read Replies (2) \| Respond to of 306849

Something is definitely going on out there in the credit world. Recently received an unsolicited Master Card in the mail, with the claim that it was an "updated" version of one I already had. Called the toll-free number to find out what in the world this was about, because I don't have any Master Card account to my knowledge. Turns out this was an "updated" version of an alleged account I have at Sears. (Take into account here all the problems Sears has had on Wall Street the past few days with its credit posture, and go figure). Told the person on the phone I didn't know I had a Sears credit account, although I did have one many years ago for car-repair purposes, and have never used it since then. Told person to please cancel this account. Next few days, I get a letter in mail saying my alleged Sears/MC account has been canceled per my request. Next few days later, I get free checks in mail with the cheery message saying...."You have the card, now here's the money you can borrow against it." Those checks are going in the shredder, needless to say. This is on top of finding out that a separate Visa credit card account I opened for the sole use of my college son has a new credit line up to $15,000. Holy cow. I don't need my college-age son carrying around a card that can be abused by him or anyone else up to that amount, so promptly called and reduced the credit limit. This wouldn't all be so bad if I hadn't acually SOUGHT a higher credit limit on the Visa account that we actually do use heavily for daily expenses and tuition payments and unusually-high one-time expenses, but was turned down temporarily, due to some arbitrary time period imposed before granting higher limits on any account. (Have since received permission for the higher credit limit, now that I don't need it, of course.) I would say there is some real confusion out there in the credit world, but what do I know? Just seems I have to communicate with these credit card people more lately than necessary, considering I never carry any balance that isn't paid off from month to month.