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A person might need cash credit to cover unexpected expenses, such as medical emergencies or urgent home repairs, where immediate funds are required. It can also be useful for managing cash flow fluctuations, especially for small business owners, allowing them to bridge the gap between receivables and payables. Additionally, cash credit can help individuals take advantage of time-sensitive opportunities, such as investments or purchases, without depleting their savings.

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AnswerBot

7mo ago

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Related Questions

What credit card features would be best for customers who think they might need to use their credit card to borrow money?

No fees for cash advances


Which of these credit card features would be best for customers who think they might need to use their credit card to borrow money?

no fees for cash advances


Why would I need a line of credit?

A person would need a line of credit if they wanted to take out a 'personal' loan, maybe for cosmetic surgery or dental implants, or anything you may need and not have the cash for.


When can i get a cash advance on my total visa credit card?

Using a credit card to obtain cash is NOT a good idea. If you need a cash loan it is better to negotiate this from your bank directly.


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 you need to pay?

Cash, or in most cases, a credit card will do.


What is the purpose of credit counseling?

The purpose of credit counseling is to let a person know ways to reduce their debt. They also counsel people in ways to stay out of debt. A person might need credit counseling if they are about to file for bankruptcy.


What is the process for obtaining a fidelity cash credit from unsettled activity?

To obtain a fidelity cash credit from unsettled activity, you need to submit a request to your financial institution or brokerage firm. They will review the unsettled activity and determine if you are eligible for a cash credit based on their policies. If approved, the cash credit will be deposited into your account.


Why would a person need a second mortgage?

A person would need a second mortgage because it is a way to avoid mortgage insurance. They might also need a second mortgage if they need a lump sum of cash.


Why credit is important?

It's important only if you need to borrow money. If you use cash for everything, you really don't need credit, but you'd have to save enough cash for any big purchases.


What is the best credit card of 2013?

The best credit card of 2013 is the one that gives you the rewards you need. The best cash back credit card is the Blue Cash everyday by American Express.


Will Bad Credit Affect My Cash Advance Request?

There is no need that you should have a good credit score to get a money advance. An undesirable credit score, including delinquencies, won't normally influence a cash advance.