Posts tagged "possible"

Is it possible to have a $50000 credit card cash advance limit?

Question by : Is it possible to have a 000 credit card cash advance limit?
I have been trying to learn about credit card cash advances, as I’m curious to learn how they work. How do credit card companies determine this limit? How high can this limit be? Thanks guys

Best answer:

Answer by Barnesy

Neither you or the lender would want a cash limit this high. If you need this level of cash then you would take out a personal loan. The interest rate would be less and the entire arrangement would be more manageable for all parties.

Typically, a credit card issuer does not like to see large cash-advances against a credit card. They often signify that a borrower is in some kind of financial stress.

The most sophisticated credit card issuers can see a cash-advance inside (or nearby) a casino and make rapid status changes on the account. e.g. a customer that has maxed out their daily card limit on debit card cash and then proceeds to run credit card cash-advances is probably not going to be the best credit risk.

This whole area is extremely complex. Banks hire large teams of statistical analysts to perfect lending models around cash advances. They then spend millions on systems that can act upon the models in real-time.

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Posted by getloans - October 8, 2012 at 1:53 pm

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Is it possible to get a poor credit loan for a car of my choice?

Question by ATLANTIS: Is it possible to get a poor credit loan for a car of my choice?
I want a specific car. I noticed with every poor credit auto loan lender they have to give you a car of their choice. How can I get what I want with a cosigner. I don’t want to be declined again.

Best answer:

Answer by jimmy d.
A “strong” co-signer will possibly help. If not, they pick the car and you pay 25% interest!

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Posted by getloans - October 21, 2011 at 12:37 pm

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Q&A: Is home ownership possible for people with poor credit?

Question by Tina R: Is home ownership possible for people with poor credit?
I have poor credit, but I have a steady job and planning to enroll in a debt consolidation program. I have never owned a home before. Are there any programs for first-time home buyers with poor credit? Does anyone have any recommendations?

Best answer:

Answer by graciouswolfe
I can only say for a fact, that the worse your credit rating is, the higher the interest rate becomes.

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Posted by getloans - September 21, 2011 at 2:45 pm

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How to avail the Credit Card Cash Advance and is it possible to get quick cash advance Online?

Question by Rajat Bhakri: How to avail the Credit Card Cash Advance and is it possible to get quick cash advance Online?
I have to pay back my debts. I have heard that it is possible to get $ 2500 cash advance in the form of Credit Advance. What is the procedure to avail these benefits? Is it possible to get the quick cash advance online or one has contact the Bank Officials?

Best answer:

Answer by anon
buy used coins at the us mint it it will NOT count as a credit card cash advance

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Posted by getloans - August 24, 2011 at 10:08 am

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