When does a cash advance get paid off (Before or after credit card transactions)?
Question by Dan M: When does a cash advance get paid off (Before or after credit card transactions)?
Cash advances on credit cards usually have higher interest rates. So when you make a cash advance and pay your credit card your minimum payment for instance, does the cash advance get paid off first or do the credit transactions get paid off. Or does the credit card company make it so you pay the cash advances last when you are about to pay off your entire cc balance?
Best answer:
Answer by bdancer222
New laws that recently went into effect. Your minimum payment is applied to the lowest interest rate. Anything over the minimum payment is applied to the highest interest rate.
Before the new law, your whole payment was applied to the lowest interest rate.
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Categories: Loan Questions Tags: Advance, after, before, Card., cash, Credit, Paid, transactions
Q&A: What is Cash Advance Interest on Credit Card?
Question by : What is Cash Advance Interest on Credit Card?
Just noticed I’m paying Cash advance interest on my credit card at 16.99%.
What am I paying for exactly?
Would I be able to call my bank and get that off my credit card or is it something I’m stuck paying because I have a credit card?? thanks
I don’t use my card anymore, just trying to pay it off quickly.
Best answer:
Answer by Angry Bird
Cash Advance interest is always high than regular interest.
Plus there are flat fees, and no grace period.
Your only option is not to use the card until you can pay all this off.
Once you do this, use your card to build up good credit.
Use it for something you need like gas, and pay the amount in full each month.
This avoids interest and develops amazing credit (with time).
Never dare carry balances again. It can cause serious damage to credit scores.
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Q&A: Can I borrow a small loan from a credit place where I have a car payment with?
Question by Jo-Jo: Can I borrow a small loan from a credit place where I have a car payment with?
In other words, I have a car and right now I had it financel from a place called Pioneer credit. I was thinking since I already had payments with them that maybe I can get small loan for christmas. Would they be able to give me a loan like that and would they be able to just add that amount I borrow on top of the total balance of my car payment?
Best answer:
Answer by SPIFIMAN1
Auto finance is what I do for a living and that is going to be totally up to your lender to decide.
But as long as you have had the loan long enough, have a good payment history, budget for the higher payment and most importantly have some equity in your vehicle, your chances are very good.
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If I make a cash advance with my credit card and pay it off on the same day, will I still get charged interest?
Question by : If I make a cash advance with my credit card and pay it off on the same day, will I still get charged interest?
I bought something from a store and signed up to their 6 months zero interest credit. I need to return the item to the store but they said I can’t return it until I pay off the balance. I can’t use my Visa to pay it because you can’t use credit to pay credit, so would getting a cash advance be a good idea for this? When I pay off the balance with the stores credit, they said I’ll be able to return the item.
Best answer:
Answer by Ginger
You will be charged very little interest for the cash advance if paid off quickly but the ca tran fee can be huge, like 3%. I don’t know why they want you to pay it off first and then get credit for the return! I just hate those 6 month and 12 month zero offers that bite you in the end, or in your case the beginning.
Are you not going through with a substitute? This requirement to pay for it and then get a credit makes absolutely no sense to me.
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Q&A: What type of contract is a personal loan where installment payments are made monthly?
Question by skye_12299: What type of contract is a personal loan where installment payments are made monthly?
I live in the state of Ohio and I am trying to figure out if the personal loan I signed for through a financial institution is considered written contract, written account, or promissory. I made monthly installment payments.
Best answer:
Answer by wilderwriter
It is often called a “promissory note” but it is also a “written contract” (as apposed to a oral contract). I have never heard of a “written account” other than in the sense of a story “written down” not as a kind of financial instrument.
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Categories: Loan Questions Tags: Contract, Installment, loan, Made, Monthly, payments, Personal, type
Q&A: I am not able to pay bank loan emi as agreement and i want reduce emi amount .How can i able to my emi amount?
Question by : I am not able to pay bank loan emi as agreement and i want reduce emi amount .How can i able to my emi amount?
I had personal loan from hdfc bank.Now i was jobless and i can’t pay ageed emi monthly so i want to emi amount.I have informed the same to bank authorities.But they are accepting.I am not in a position to pay the same emi.So it is possible to reduce emi amount.Please help me.
Regards.
Best answer:
Answer by 71cooldude
They should be agreeable to a reduced monthly repayment as at least they are receiving something towards paying off the debt. If you have any problems, contact the Citizens Advice Bureau who will help you in negotiating with your bank.
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What is the easiest personal loan to get?
Question by : What is the easiest personal loan to get?
Im trying to get a fast personal loan, what is the best company to go with if you have bad or low credit?
Best answer:
Answer by Use Your Noodle
None
Personal loans are hard enough to obtain for those who have decent credit.
If you have poor or no credit the best you can hope for would be a payday loan. For that, you would need a checking account and paycheck stubs.
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Categories: Loan Questions Tags: easiest, loan, Personal
Are there any payday loans or emergency loan companies that will help people in the Military Reserves?
Question by Dawn L: Are there any payday loans or emergency loan companies that will help people in the Military Reserves?
We are desperately waiting for a re-enlistment bonus we are expecting but in the meantime need a quick loan to get us by for somethings that have come up. Payday loans dont seem to help those in the military anymore and I know payday loans are not a good idea but we also know we will only use this until the bonus comes thru . Anyone know where we can get a quick guaranteed loan for personnel in the reserves?
Best answer:
Answer by Gary
I wouldn’t do this. Why spend unnecessary? You are betting on receiving something that has yet to come. What would happen if something goes wrong for you? This is like writing a check and not having enough money in your account to cover it.
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What happens if someone took out a payday loan in my name?
Question by Candace: What happens if someone took out a payday loan in my name?
I’m going through a nasty divorce that has been dragging on for almost a year. A couple of days ago, both my brother and sister got phone calls from someone claiming to be a collection agency for a payday loan company saying that I had taken a payday loan and failed to pay on it. I have never taken a payday loan and my attorney cannot take action until I have something in writing. What can I do?
Best answer:
Answer by Jason Smith
It does not sound like an actual collection company, (actual collection companies can’t state they are calling because of an unpaid debt unless they are talking to the lendee… fdcpa guidelines), don’t know what it is but it sounds fishy. If you do talk to this person DO NOT give out any personal information, and inform family/friends not to give out theirs. Given that you are going through a divorce my best guess (and it is only that), is that it is a private investigator from your former signifigant other. Best of luck.
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