Baby girl you done ask this questions 3 times It sounds like you are trying to rob peter to pay pal. How much you trying to borrow and what for.
2006-08-04 06:40:01
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answer #1
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answered by Luckys Charm 4
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You are talking about getting "credit"...using somebody elses money.
A bank loan is "credit", using your credit card is...guess what "credit' . The main difference is they'll give a credit card to any idiot these days, because with the high interest rates on credit cards (minimum 18%) they make huge profits on the unpaid balances most people carry each month.
If you can't pay off your credit card bills each month, then you should get rid of it.
A bank loan will have lower interest rates. If you can't get a bank loan because you have a bad credit rating, then you shouldn't be using credit cards to borrow your way through life. You will end up bankrupt.
2006-08-04 13:13:32
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answer #2
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answered by Anonymous
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Depends on the country that u are in ..as a common practice, yes u can get a loan using ur credit card accout. But the sanction depends on the credit card issuing financial institution, ur credit limit, the type of crd u hold etc. the best way is to call up your credit card provider, and chek with them.
2006-08-04 13:15:52
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answer #3
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answered by diya 1
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I doubt it. You're trying to borrow money (loan) on borrowed money (credit card). Let's be serious!
Giving out loans is risky in the first place, so why should a bank risk that much more? A bank account is easier to automatically withdraw the funds for payment on the loan. And it will look better on you if they are automatically withdrawn...no late payments.
2006-08-04 18:03:17
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answer #4
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answered by Celeste 6
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Use collaterol, by using your car as collaterol for the bank, instead being ripped off by the credit card companies. Or take your possessions to the pawn shop and receive 10 dollars on $ 100 value of what you bring in that's of value.
2006-08-04 13:27:09
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answer #5
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answered by bereftcat 4
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A credit card IS a loan.
2006-08-04 18:05:41
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answer #6
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answered by kvuo 4
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look at this search. good luck !
2006-08-04 22:50:16
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answer #7
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answered by Anonymous
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