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From: leb@alliant.UUCP (Larry Bakst)
Newsgroups: net.invest,net.consumers
Subject: Re: "No Money Down" (Other People's Money) Scam
Message-ID: <151@alliant.UUCP>
Date: Sat, 11-Jan-86 00:24:35 EST
Article-I.D.: alliant.151
Posted: Sat Jan 11 00:24:35 1986
Date-Received: Mon, 13-Jan-86 08:09:11 EST
References: <587@cylixd.UUCP> <312@3comvax.UUCP>
Reply-To: leb@alliant.UUCP (Larry Bakst)
Organization: Alliant Computer Systems, Acton, MA
Lines: 21
Xref: watmath net.invest:1023 net.consumers:3843
Summary: 

In article <312@3comvax.UUCP> mykes@3comvax.UUCP (Mike Schwartz) writes:
>
>
>Step 5.
>	Refinance the house for 80% of the value and pay off the VISA
>	cards within 30 days (to avoid the interest payments).
>
>	/mike schwartz @ 3Com Corp.

on every visa/mc card that i have ever seen interest on cash advances
starts to accrue from the day of the cash advance.  it' only on 
purchases that you have 30 days interest free.


-- 

larry

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