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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (21776)	11/15/2004 8:26:38 PM
From: TH	Read Replies (1) \| Respond to of 110194

Soros, How easy is it to get some credit? Today I called Home Depot. I recently got a card as I'm improving my house. I figure free money for a year is interesting, as I'll just hold that "home improvement" money in gold for a year and take my chances. Here is the conversation, EXACTLY. Me: I want more credit. HD: How much do you want? ME: Give me another 5k. HD: Ok, how much do you make (this surprises me, as I just got the card about 8-12 weeks ago and I told them all this stuff then)? And, you can include money that you earn outside your normal job. ME: You mean like money I don't pay taxes on or something? HD: No, just money that you make outside your normal job. ME: Ok, I make X. HD: How about $8500? Will that work? I can reduce it if you want. Now here is the thing. I already did this about 4 weeks ago, and they doubled my credit line with the same kind of phone call. I saved up about $30K for home improvements, so this is not just a impulse purchase, but I never planned on putting it on a credit card. And, my credit line with HD is more than double the Visa card I have been using from my conservative credit union for about 18 years. Yes I have good credit, but they have increased my credit 200% in about 8-12 weeks, just for asking. Spend it and they will give you more. This will end badly. Good Trading TH