Tuesday, August 30, 2005

Walter Cavanagh Has 1,497 Credit Cards - $1.7 million worth

Walter Cavanagh of Santa Clara California wins. He's got the most credit cards of any person in the world. He's got 1497 valid credit cards, and the Guiness World's record.

He must have a really long credit report.

What can you say about a guy who's the best at getting credit cards? He must have a tired wrist from filling in all of those forms!

Man Has 1,497 Credit Cards



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2 Comments:

Blogger ~Dawn said...

That's too funny!

September 01, 2005 9:47 AM  
Blogger Monty Loree said...

I know...

It's amazing that Walter Cavanagh would be able to accumulate so many credit cards. If any of the credit card companies ever checked him out thoroughly and saw that he had that credit outstanding, they would close his accounts immediately.

Just because he has a perfect credit score doesn't mean that at some point he can't have a wild party paid for with $1.7 million unsecured credit.

Most credit officers would deny him credit because he does not have the ability to pay all of these credit cards. (I can't say that for sure as I don't know what his finances are like.)

MONTHLY PAYMENTS $59,500
If Walter Cavanagh took out his full $1.7 million in credit, his monthly payments would be approx 3.5% of the balance or $59,500 per month in payments.

September 01, 2005 11:25 AM  

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