elizabeth lorris ritter

Commerce

credit where credit is due?

i used to get a lot of pre-approved credit card offers, as well as checks for low-interest cash advances on existing accounts. really a lot: several each week, and sometimes two or three in a single day! i'd always shred them.

last fall they stopped. bad economic sign, though i guess good for the environment (less wasted paper).

maybe a month ago i started getting the checks again, though not so many -- maybe one a week or so. i guess credit is easing up some, but it's hard to know what exactly to make of it: transaction fees are higher, there are no short-term no-interest promos, and low-interest promos are of shorter duration; gone are the low-interest-for-the-life-of-the-loan offers, new credit aps have yet to return.

i guess the banks (that are left) no longer care "what's in my wallet"...

and yes, i still shred the offers. who needs more debt?!

140 cabrini blvd., new york, nyc 10033