Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Quick Hits: 445 Credit Card Offers In One Year. Seriously.


Brief scrutiny of today's headlines.

Though credit-card companies seem to have curbed their solicitation mailers, it turns out they just redirected everyone's offers to one lucky household.

After receiving 7 credit card offers in just 1 day, Gary Silbar of Highland Park, Illinois embarked on a project to save every mailer he and his family would receive over the course of the year.

The results are astounding.

The Silbar household received 445 credit card offers from November 2007 through October 2008. Total weight: 23 pounds. Trees killed: Unknown.

Silbar spoke with the Chicago Tribune about the mailer phenomenon (and his shameless refusal to recycle). He kept accumulating the envelopes in 2 filing boxes, never tossing one into his shredder or taking a company up on their 0% APR offers. Even Silbar's sons, Jake and Max -- who are 8 and 11 years old, respectively -- received pre-approved credit-card applications. Much to Jake's chagrin, his younger brother received 5 more applications than him.

Silbar was hoping for the family dog Buddie to receive an offer, but unfortunately none came.

Some credit-card spokespeople weighed in on how this may have happened. Their general concensus is that Silbar and his wife Karen have excellent credit histories, and the family is right in the middle of the solicitation sweet spot.

Then again, Silbar might benefit from trying to remember if he gave out his name and address to hundreds of spam databanks at any point.
< Previous
  • 1
Next >
No positions in stocks mentioned.
Featured Videos