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

To: Moominoid who wrote (63621)	10/10/2006 8:35:13 AM
From: Tradelite	Read Replies (1) \| Respond to of 306849

<<The assumption seems to be that if you didn't borrow you must be poor and not creditworthy. So if you have a mortgage they are more likely to give you big credit card credit limits and vice versa. It's not based on actual net worth and ability to pay back the loan.>> No, you can get a big credit line on cards by paying everything off every month and by simply asking for a higher limit. I've never borrowed a dime in my life except for my home mortgage, and that's paid off. I have more credit card "credit" than I could ever use in a lifetime, but did ask for some of it, because at times I've had to dole out big chunks of money for college tuitions (because colleges take credit cards), cars, and most recently, a roof and other multi-thousand-dollar home improvements. Recently got a new Discover card to replace another Discover card I already had, because it offers better rebate terms than the old one. It's a game, and takes some time to play, but the card-company players on the other end are always ready to take biz from some other company. They get a fee from a vendor every time you charge something. Ask for anything you want. You just might get it. <<GG>>