WSJ on wealth

Doug Henwood dhenwood at panix.com
Wed Jan 19 11:36:59 PST 2000


Pahtoo at aol.com wrote:


>In a message dated 1/19/00 11:08:54 AM Pacific Standard Time, chuck at tao.ca
>writes:
>
><< I hear that credit card companies are pissed because many people have
> been paying down their card debts. >>
>
>I paid off my VISA card and my reward from VISA was that they lowered my
>credit limit! What's up with that?

You are what's known in the trade as a "deadbeat" - i.e., you pay off the balance. Not good for profit maximization!

Doug



More information about the lbo-talk mailing list