Hi Tom,

True, but anyone with an active line of credit can also draw cash
against it. Why take the risk?

Happy Trails,

Greg Potts
1973/74/77/79 Westfakia "Bob The Tomato
www.pottsfamily.ca
www.busesofthecorn.com

On 9-Aug-07, at 6:48 AM, Tom Rowsell wrote:

> ...just one more point: sometimes, checkbooks are actually tied to
> significant "lines of credit". For example, a $20,000 line of
> credit from a
> major bank, with checking privileges. In this case, he may not have
> had the
> money to pay, and may have been borrowing it via a line of credit
> "cheque".
> Sometimes, these lines of credit may have an attractive interest rate,
> making the customer prefer them over using a high interest credit
> card...
>
> Tom