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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: nihil who wrote (33357)3/25/1999 5:26:00 PM
From: Aaron Cooperband  Respond to of 108807
 
Hugh -

re: "Naturally, I always take them up (use the credit to speculate)"

Are you able to take the interest expense as a tax deduction against your earnings? The pre-tax credit card interest rate looks attractive, but margin interest is tax deductible and I don't believe that your credit card interest would be.

Aaron



To: nihil who wrote (33357)3/25/1999 6:49:00 PM
From: Ish  Read Replies (1) | Respond to of 108807
 
nihil,

I tried to get a GM credit card. % off on a new truck deal. I didn't qualify. I paid cash for my house and cars and boats and used my card very little. I even sent them two letters as to where I had paid off a $75,000 personal loan and had $25,000 credit line on my farm. No card. Period. My credit wasn't good enough.

A month later my non working wife got a pre approved GM card. I'll never buy another GM product.


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