Quote:
Originally Posted by RWebb
right - but if it is low enuff (after collecting the tax subsidy) you can take the $$ you'd otherwise have used for the mtg. payoff and invest elsewhere - like in growth stocks...
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I still don't follow the logic...if investing $$ is good, isn't investing $$$$$$ three times better? Sorry 'bout the hijack, and now a couple of personal experiences to get the thread back on track. Things might have changed in recent years, but I once was unable to rent a car at LAX via a debit card, nor would many hotels accept a debit for their "security deposit" upon check-in. CC only in both cases, no cash or debits initially, but of course one could actually pay via debit at the end of the stay or rental. I used to have a CC for travel and big ticket purchases (I once lost $500 for a "blues cruise" deposit since I used a debit instead of CC), but a couple of years ago, I received notice that my CC "purchase protection" would no longer apply to Internet purchases, nor purchases outside my local area (I think it was 50 miles). I immediately cancelled the POS CC after carrying it around for 15 years. I'm sure it didn't bother the CC provider as they've never made a penny off of me from interest payments, and I'm not the type of customer they want anyways
. Good riddance CC...
ps: I've had my Credit history "frozen" at the three agencies for many years now. That really cut down on bs offers showing up in my mailbox and I don't even have to check annually. No one is making inquiries or filing bogus credit claims without my written approval to grant an exception. Not pratical for some, but it sure works for me.