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I was recently told that you do not have to pay back Cash advances because it doesnt count against you since they don't check credit. Is this true?
Wiki User
∙ 14y ago
No, the person that told you this is a fool.
Wiki User
∙ 14y ago
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What credit card companies offer cash advances?
There are a number of credit card companies that offer cash advances to customers. One can get them from Citi credit cards, Commonwealth Bank Credit card and the HSBC Credit Card.
Which banks would allow you cash advances?
Many banks allow for cash advances on lines of credit, though I would caution against using the cash advance option. Cash advances are normally accompanied by high fees and extremely high interest rates, making them not a wise financial decision.
Do you get the same rate on credit card cash advances as you do on purchases on that card?
It depends on the credit card. Most of the time, cash advances are subject to a higher interest rate than purchases. Credit card interest rates are higher on cash advances. Check your card for specific details.
How do you file a complaint against the Navy Federal Credit Union?
You file a complaint with the NCUA (National Credit Union Association) which governs Federal Credit Unions. It is run by the Federal Government. I recently had to go this route.
Which credit cards have the best rates on emergency cash advances?
Credit card interst rates change daily. Typically Capital One has competitve rates on emergency cash advances.
What are some examples of bad credit cash advances?
I think that some examples that are of bad credit cash advances has to be the ones that you find on the internet. It really is bad over there, and you have to watch yourself.
Is it against the law to run someone's credit without their permission?
Yes it is against the law, because by running someone's credit without permission is committing Fraud.
On average, how much are interest rates on credit card cash advances?
On average, the interest rates on credit card cash advances are about 4 to 6%. You can get an updated number at www.bankrate.com/brm/news/cc/20020814q.asp
Do cash advances affect credit ratings?
No. as long as you pay back on time
What credit card features would be best for customers who might need to use their credit card to borrow money?
Ideally, there would be no fees for cash advances and the same interest rate for all charges, both purchases and cash advances. (Some cards offer both of these features.)
What are the benefits of having a personal line of credit?
-revolving credit -a credit limit -monthly statement -enable cash advances -minimum payment required -insurance offered
Can you get a loan with a bad credit report from credit union?
In fact, not all of credit unions can provide you with a loan, but there are definitely online lenders who offer cash advances to people with low credit score.
