Question by ryan h: how to pay off cash advance on credit card?
say i have $ 100 as cash advance on credit card and $ 5000 debt on that card also. i can’t pay the card off entirely, but how do i pay off the cash advance first while still paying the credit card itself?
can i call the credit card company and get them to do it? or is that not possible?
Answer by vincentv247 You can’t, the credit card company determines which part of the debt gets paid off first, and guess what, they always choose the low interest portion.
Question by Nicolas R: is there a difference between a cash advance credit card debt and a regular purchase debt?
like, if i owe a lot of money to 3 or 4 credit card companyes (like 4k each) on cash advances I know the interest rates are higher by a lot but is there a difference if the debt was for regular purchases? will they come after me more than if they were’nt cash advances? can I still file bankrupcy to get out of the debt?
Answer by Koku Absolutely! Your cash advance debt is billed at a much higher rate, and your payments to each card will be applied to the lower debt rate.
Say you cash advanced $ 1000 at 24.99% APR
but had an existing balance of $ 3000 at 9.99% APR
When you get ready to pay the bill, and attempt to pay the total cash advance balance, you’ll be in for a rude awakening. The credit card will apply the $ 1000 (+ fees) to the lesser APR, and if you continue to take out cash advances, eventually all of your debt will consist of the cash advance rate.
ALSO, your cash advance fees are more than likely immediate– unlike carrying a traditional balance where you can avoid the finance charges if you pay before the bill date. Cash advances should be a very last ditch, emergency option. They will increase your debt tenfold if you’re unable to manage them.
Notes: BRAND NEW FROM PUBLISHER! 100% Satisfaction Guarantee. Tracking provided on most orders. Buy with Confidence! Millions of books sold!
Leave Home Without It…Membership has its privileges, but it also has a huge share of disadvantages. Without the proper know-how and guidance, you could find yourself buried beneath an avalanche of credit card debt. Millions of Americans are just like you and are currently attempting to pay off 0 billion to credit card companies. It’s in a credit card company’s best interest to keep you in debtâ€”after all that’s how they make their real money. Even by following their rules, you can quickly
www.thehighriskprocessor.com Worldwide Merchant Services,LLC and MadRich talk about cash advance merchant accounts and ATM machines. This system works particularly very well for high ticket high volume credit card present merchant accounts.In the adult business or the casinos this is a very lucrative program and offers the customer many benefits.The consumer can take out as much money as they need with one secure transaction. This sytem is also very secure because it has many of the latest and greatest security features such as finger print scanning,video cam and scanning of the actual passport or drivers license. This type of system is the same system use in all the major casinos in las vegas and around the world Worldwide Merchant Services, LLC Can system can implement this anywhere in the world. the type of credit card processing typically works very well with casinos,bars,bail bondman,message parlors,reflexology ETC. With this type of security there is no dispute when it comes to an intoxicated client and offers the merchant higher revenues with very little chargebacks. Call HighRiskMadRich for details at 866-949-VISA (8472)
DEBT CONSOLIDATION LOANS Bad Credit Debt Consolidation Bills and debts getting a little out of hand? Lower your monthly payments by consolidating them into one low payment. You can consolidate anything. Credit cards, car loans, personal loans, second mortgages anything and everything! We…