Can I get a loan by using a credit card instead of a bank account?

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Can I get a loan by using a credit card instead of a bank account?

2006-07-28 04:34:36 · 4 answers · asked by washeurman 1 in Business & Finance ➔ Credit

4 answers

you can get a cash advance on your credit card, but the fees & interest are outrageous.

2006-07-28 04:37:15 · answer #1 · answered by Homer J. Simpson 6 · 0⤊ 0⤋

No. Why would you want to take a loan? If you are refinancing your credit card debts or mortgage then that a another story.

2006-07-28 11:49:37 · answer #2 · answered by Anonymous · 0⤊ 0⤋

Don't do that. It's ridiculously expensive. And the payments you make will go first to your regular balance, so you keep paying the higher rate on the "loan" for as long as possible.

2006-07-28 11:38:35 · answer #3 · answered by MOM KNOWS EVERYTHING 7 · 0⤊ 0⤋

There is some useful tips here.

2006-07-28 12:53:59 · answer #4 · answered by Anonymous · 0⤊ 0⤋