Archive for November, 2007

What question is needed to ask a company before having a balance transfer pay it off?

SCOTT B asked: I’m going to be paying off 3 cards with a balance transfer from a 4th card. Clearly I need to call the 3 credit card companies and require the current balance? A friend told me I need to find out what the PAY OFF balance is? Anyone heard [...]

When is it too late to deal with a credit card company? HELP?

Sansprenom asked: I havent paid my credit card bill. and its 6mo late. I am not currently working, but I need to know when should I REALLY get worried? My debt is 500$. Couldnt pay b/c of personal problems, but trying to now . is it too late?Caffeinated Content - Members-Only Content for WordPress

How do balance transfers work ?

07october asked: I’ve transferred balances from other credit cards to one with a lower interest rate several times. I notice on my statement, it lists them separately, along with the interest rate, but from month to month, sometimes one balance will be more than the last month or it may be less. My questions is, [...]

How can one use their credit cards to invest without the investment qualifying as a cash advance?

Michael P asked: Everybody knows using a credit card at the ATM or bank will qualify the transaction as a cash advance and cash advances carry a rather high rate. However today I heard a bit on the news;how to make money off of the credit card companies rather than them making it off of [...]

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