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]]> By: vh http://beingfrugal.net/2008/01/16/my-bank-sent-me-a-letter/#comment-3727 vh Wed, 23 Jan 2008 06:05:11 +0000 http://beingfrugal.net/2008/01/16/my-bank-sent-me-a-letter/#comment-3727 Have you ever succeeded in getting a credit card issuer--or the issuer of a home equity loan or a line of credit!--to STOP sending those darn blank checks? After months of repeatedly trying out "opt out" with one lender, I had to threaten to complain to the federal banking commission to get them to quit it. Anyone can steal those things out of your mailbox and run up a nice debt against your line of credit. Then you get stuck with the debt and with the interest on it. Or with a gigantic hassle to get out of the mess. Have you ever succeeded in getting a credit card issuer–or the issuer of a home equity loan or a line of credit!–to STOP sending those darn blank checks? After months of repeatedly trying out “opt out” with one lender, I had to threaten to complain to the federal banking commission to get them to quit it.

Anyone can steal those things out of your mailbox and run up a nice debt against your line of credit. Then you get stuck with the debt and with the interest on it. Or with a gigantic hassle to get out of the mess.

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]]> By: My Dollar Plan http://beingfrugal.net/2008/01/16/my-bank-sent-me-a-letter/#comment-3608 My Dollar Plan Sat, 19 Jan 2008 03:36:18 +0000 http://beingfrugal.net/2008/01/16/my-bank-sent-me-a-letter/#comment-3608 @ Chuck: I'm currently running a $220k credit card arbitrage. I don't have it set up automatically to pay off at the end of the promo, but that's because I usually transfer it off to another card with another 0% promo. I have been working on putting together a list of 'what to do if I die' for my family:) @ Chuck: I’m currently running a $220k credit card arbitrage. I don’t have it set up automatically to pay off at the end of the promo, but that’s because I usually transfer it off to another card with another 0% promo. I have been working on putting together a list of ‘what to do if I die’ for my family:)

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