From: Cynthia (cyn386@flash.net)
Date: Sun Dec 05 1999 - 15:13:44 MST
> Another thing that plays a big part in credit interest rates is a
> persons net worth. If you have even a modest net worth,(most people
> have 0 or negative net worth) the interest rates fall because they know
> you are much less likely to default and file chapter 11 if you have
> something to loose.
As far as I can see, credit card companies don't care diddly about how much
money you have in the bank. I remember being turned down for every credit
card I applied for, until I stayed at a single job for an entire year,
despite the fact that I had 20K in the bank.
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