2006-08-03 03:40:54 · 9 answers · asked by washeurman 1 in Business & Finance ➔ Credit
Have you looked at Prosper.com? Alternative way to get a loan.
2006-08-03 03:44:28 · answer #1 · answered by Reddy492 2 · 0⤊ 0⤋
A credit card *is* a loan: specifically a loan called a revolving line of credit. The credit card company agrees to loan you your credit limit, paid to vendors of your choice (when you run the credit card); and you pay it back. To get a cash loan with the credit card, go to an ATM: it's called "cash advance".
The difference between a credit card and a bank account for someone making a loan is that your credit card is a liability (something else you have to pay for), while a bank account is an asset (cash that you can use to pay back the loan).
2006-08-03 10:49:20 · answer #2 · answered by hogan.enterprises 5 · 0⤊ 0⤋
Why would you do that? the interest rate on a credit card is so much higher than a bank loan.
Do you currently have a credit card? If so, they usually send you blank checks. I would call them and request them.
2006-08-03 10:46:52 · answer #3 · answered by Alissa 6 · 0⤊ 0⤋
You can almost always get a loan, but depending on your situation, your interest rate will vary widely. But, if you need money, try this:
http://creditoffernow.com/lendcashfast
This site offers loans that are very easy to qualify for and builds credit scores by reporting your regular payments to the major credit bureaus.
2006-08-03 11:04:18 · answer #4 · answered by Harvy S 2 · 0⤊ 0⤋
you could take a cash advance [very high interest rates] from the card i think a bank would do it. a casino would but dangerous .some companys give payday loans if you got a job car loans
2006-08-03 10:50:38 · answer #5 · answered by whattsupp 1 · 0⤊ 0⤋
Just borrow against the card, but make sure you can afford to pay the minimum due ea. month. and that the loan was worth it
2006-08-03 11:03:56 · answer #6 · answered by battle-ax 6 · 0⤊ 0⤋
you do not want to do that. even if its as small as a grand, the interest will be soo high that you will only be able to afford to pay the accumulated interest each month but not the original amount. thats how it starts and before you know it you'll be in debt for the rest of your life
2006-08-03 10:47:01 · answer #7 · answered by dirty n 1 · 0⤊ 0⤋
They are always sending me those checks, so maybe just call your card company.
2006-08-03 10:44:49 · answer #8 · answered by Anonymous · 0⤊ 0⤋
They do, but think you will be shocked by the high interest rate.
2006-08-03 10:46:54 · answer #9 · answered by Goat 2 · 0⤊ 0⤋