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Need to borrow some money on ssi debit card to pay back in several months?
Wiki User
∙ 11y ago
SSI is not a line of credit or a wage. Supplemental Security Income (SSI) is a Federal income supplement program funded by general tax revenues (not Social Security taxes). It was designed to help aged, blind and/or disabled people who have little or no income. The intent is to provide cash to meet basic needs such as food, clothing and shelter. This money comes from taxpayers and is not "free money". One cannot borrow against it like a loan or credit card.
Wiki User
∙ 11y ago
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Which of these is one way that credit cands differ from debit cands?
Credit cards allow you to borrow money from the card issuer. A debit card requires you deposit money with the card issuer, and the money is then deducted at the time of the transaction from the amount deposited.
Does debit card build credit?
A debit card is a card that takes money straight out of the bank, however, a credit card lets you borrow money, but you must pay interest. So, a debit card does not build credit.
What is a debit card?
A debit card takes the money out of an existing account. A credit card, on the other hand, allows you to borrow money (which must be repaid) by paying someone (the loan) directly.
Can a merchant charge a debit card 2 months after transaction?
Yes. You have had two months free money so you were up on the deal.
How can you tell the difference between a credit card and a debit card?
The main difference is that with a debit card the money comes out of your checking account at the point of sell and with a credit card you borrow the money from a bank to pay back later. Interested is added to the charge by the bank so you actually pay more for what you buy.
Which of these is one way that credit cands differ from debit cands?
Credit cards allow you to borrow money from the card issuer. A debit card requires you deposit money with the card issuer, and the money is then deducted at the time of the transaction from the amount deposited.
Can loans be giving even if in debt?
Adults use their credit cards to borrow money from the bank like Visa. You can only use debit if you want to buy something accurate at a store, you cannot borrow money from the bank therefore it is a debit card.
Does debit card build credit?
A debit card is a card that takes money straight out of the bank, however, a credit card lets you borrow money, but you must pay interest. So, a debit card does not build credit.
What is a debit card?
A debit card takes the money out of an existing account. A credit card, on the other hand, allows you to borrow money (which must be repaid) by paying someone (the loan) directly.
What does debit and credit mean?
Debit is when they take from your bank. A credit is money paid into your account. But the other meaning of credit is the ability to borrow money. The more money you make and the more you use your credit and pay it off, the more credit you get.
Can a merchant charge a debit card 2 months after transaction?
Yes. You have had two months free money so you were up on the deal.
A used motorcycle is priced at 3438 If you borrow the money for the motorcycle your payments will be 165 a month for 24 months?
522
How can you tell the difference between a credit card and a debit card?
The main difference is that with a debit card the money comes out of your checking account at the point of sell and with a credit card you borrow the money from a bank to pay back later. Interested is added to the charge by the bank so you actually pay more for what you buy.
Can I borrow money from a lawyer?
Well, you can borrow money from anyone if they agree to loan it to you.
Can you borrow money from your pension plan?
Can you borrow against money from your pension plan?
Why do farmers borrow money from the money lenders?
farmers have to borrow money to purchase seeds,fertilizers and pesticides.
Can you get a loan with a prepaid debit card?
The question itself, on my own perspective, has two meanings: 1. You are using the debit card to loan money from financial institutions or money lenders as a guarantee. ---- When you borrow money to some lenders, they require you to guarantee your loan with the credit card. They will allow you to lend from 70 - 100% of you credit card's limit. This scenario may not be applied to a debit card even if it has sufficient funds. 2. You are using the debit card to receive the loan that you have filed with a lending institution or money lender. ------ If the debit card is issued by the bank itself, the lending company can deposit your loan to this account for you to receive it by withdrawing using the card itself.
