Article: The Top 5 Secrets To Managing Your Credit Cards?so They Won?t Manage You
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The Top 5 Secrets To Managing Your Credit Cards?so They Won?t Manage You
You?ve probably never heard of Frank X. McNamara, but he revolutionized the way you shop on a daily basis.
One evening in 1949, McNamara?head of the Hamilton Credit Corporation in New York City?was dining out with two business associates. Their topic of discussion: one of McNamara?s clients, who was defaulting on a loan because he had shared his gasoline and department-store credit cards with some friends in need. Unfortunately, the friends didn?t have the money to pay back what they had borrowed, so the good samaritan was now facing his own financial demise.
As the meal ended, McNamara reached for his wallet so he could pick up the check. To his horror, he realized he had left it at home?and was forced to call his wife so she could bring him the cash he neede...
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