Canceling the Blank Credit Card Checks
One weekend last year, the proverbial straw broke the camel’s back, and after exactly how many months straight I do not know, I finally called my credit card company and kindly explained my situation to them. Every week, a minimum of once a week (often times as many as three), I receive a nice form letter and a page full of four or five blank checks. This is, of course, from my credit card company. And it is, in theory, a smart business move on their part.
They are looking to buy more debt by offering the consumer what is essentially a loan through the credit card they use. However, while this money might be tempting to some for unnecessary spending, and a stroke of good luck for others who are in need of some quick cash to pay the monthly bills, I have never once used these checks — for anything!
When you poke around beneath the surface even just a little bit, you notice Continue reading
