Comments on: What will credit companies do if you max out your cash advances every day? http://www.cashdayadvance.org/cash-day-advance/what-will-credit-companies-do-if-you-max-out-your-cash-advances-every-day/ Cash Day Advance Online Resources And Information Mon, 21 May 2012 03:37:30 +0000 http://wordpress.org/?v=abc By: sophieb http://www.cashdayadvance.org/cash-day-advance/what-will-credit-companies-do-if-you-max-out-your-cash-advances-every-day/#comment-2319 sophieb Wed, 19 Nov 2008 00:40:37 +0000 http://www.cashdayadvance.org/what-will-credit-companies-do-if-you-max-out-your-cash-advances-every-day/#comment-2319 why on earth would you be using it as a cash advance daily, or even for a cash advance? Usually that cash advance thing is to be used for emergencies, and the credit card part is to be used occasionally. If you're going to continually take money from there in cash advances then you need to get yourself a checking account, and then use the debit card for youe cash needs, or use the card as cash. Of course you need to put your paycheck into that checking account before you can draw against it though. why on earth would you be using it as a cash advance daily, or even for a cash advance? Usually that cash advance thing is to be used for emergencies, and the credit card part is to be used occasionally. If you’re going to continually take money from there in cash advances then you need to get yourself a checking account, and then use the debit card for youe cash needs, or use the card as cash. Of course you need to put your paycheck into that checking account before you can draw against it though.

]]> By: elitesouthwest http://www.cashdayadvance.org/cash-day-advance/what-will-credit-companies-do-if-you-max-out-your-cash-advances-every-day/#comment-2318 elitesouthwest Sun, 16 Nov 2008 07:01:59 +0000 http://www.cashdayadvance.org/what-will-credit-companies-do-if-you-max-out-your-cash-advances-every-day/#comment-2318 Watch out for The Patriot Act Watch out for The Patriot Act

]]> By: justlilolme http://www.cashdayadvance.org/cash-day-advance/what-will-credit-companies-do-if-you-max-out-your-cash-advances-every-day/#comment-2317 justlilolme Fri, 14 Nov 2008 12:50:43 +0000 http://www.cashdayadvance.org/what-will-credit-companies-do-if-you-max-out-your-cash-advances-every-day/#comment-2317 That probably depends on the issuing financial institution. I think they may freeze your account for cash advances if it looks as if you are in trouble financially since that would make them look at you as a high risk. One big factor is what is the percentage of your current balance in proportion to your total card limit (not your daily cash limit). That probably depends on the issuing financial institution.
I think they may freeze your account for cash advances if it looks as if you are in trouble financially since that would make them look at you as a high risk. One big factor is what is the percentage of your current balance in proportion to your total card limit (not your daily cash limit).

]]> By: Peter http://www.cashdayadvance.org/cash-day-advance/what-will-credit-companies-do-if-you-max-out-your-cash-advances-every-day/#comment-2316 Peter Tue, 11 Nov 2008 17:55:37 +0000 http://www.cashdayadvance.org/what-will-credit-companies-do-if-you-max-out-your-cash-advances-every-day/#comment-2316 You will be charged over limit fee and it will impact your credit rating. You will be charged over limit fee and it will impact your credit rating.

]]> By: C S http://www.cashdayadvance.org/cash-day-advance/what-will-credit-companies-do-if-you-max-out-your-cash-advances-every-day/#comment-2315 C S Sun, 09 Nov 2008 16:39:17 +0000 http://www.cashdayadvance.org/what-will-credit-companies-do-if-you-max-out-your-cash-advances-every-day/#comment-2315 Regardless of what the CC company may or may not do, are you SURE you want to do this? The interest on cash advances is huge. If you are in trouble and need help, I suggest going to a credit management firm and putting a better plan in place. Regardless of what the CC company may or may not do, are you SURE you want to do this? The interest on cash advances is huge. If you are in trouble and need help, I suggest going to a credit management firm and putting a better plan in place.

]]> By: Connie http://www.cashdayadvance.org/cash-day-advance/what-will-credit-companies-do-if-you-max-out-your-cash-advances-every-day/#comment-2314 Connie Fri, 07 Nov 2008 23:39:36 +0000 http://www.cashdayadvance.org/what-will-credit-companies-do-if-you-max-out-your-cash-advances-every-day/#comment-2314 They would block the account for future usage. They would block the account for future usage.

]]> By: Greg S http://www.cashdayadvance.org/cash-day-advance/what-will-credit-companies-do-if-you-max-out-your-cash-advances-every-day/#comment-2313 Greg S Thu, 06 Nov 2008 00:42:37 +0000 http://www.cashdayadvance.org/what-will-credit-companies-do-if-you-max-out-your-cash-advances-every-day/#comment-2313 They won't let you take out more cash than is allowed so you can't get in trouble or anything. It's your credit limit to with as you please! However, if they suspect fraudulent activity you might receive a call. As long as your verify it's you taking out the cash then you're OK. They're not going to call and ask you "so mr. smith, what are you doing with all this cash your taking out each day?" if that's what you are worried about. Now if stop paying bills and file BK in 6 months then you might have some explaining to do in front of the judge. They won’t let you take out more cash than is allowed so you can’t get in trouble or anything. It’s your credit limit to with as you please!

However, if they suspect fraudulent activity you might receive a call. As long as your verify it’s you taking out the cash then you’re OK. They’re not going to call and ask you “so mr. smith, what are you doing with all this cash your taking out each day?” if that’s what you are worried about. Now if stop paying bills and file BK in 6 months then you might have some explaining to do in front of the judge.

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