sorry to drag out this thread...

For me, I can only draw a limited amount out at an ATM, and a check gives me
yet another record of payment. i.e. I get the check back with "For deposit
only to ACME Vanagon Saviors Inc" stamped on the back  :)
Not sure about your "Why take the risk" comment. Paying cash can be risky
IMHO...

Tom

On 8/9/07, Greg Potts <greg@pottsfamily.ca> wrote:
>
> 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
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