can you buy a cheap house w/a credit card?
2006-08-30 11:41:18 · 12 answers · asked by jessi 3 in Home & Garden ➔ Other - Home & Garden
well by me if you want a cheap house you will need 150,000.00 i dont think you have that much credit on that card. if you want a house in the future you have to save save save good luck
2006-08-30 11:46:40 · answer #1 · answered by Bighorn 4 · 0⤊ 0⤋
Some years ago, I knew a man who made his trailer park owner mad about something, and was forced to move out. He had to sell his trailer really cheap, and the young man who bought it did indeed use his credit card to get cash enough to pay him, like $7,000.
I can't say it is legal or not, but he did. You'd have to ask the credit card company.
The only thing I am sure you can't use credit card money for, outside of illegal drugs, is stocks. It is a Federal offense to use borrowed money to buy stocks, except in very careful circumstances, since that is what caused the Great Depression (buying stocks with borrowed money.)
2006-08-30 18:50:03 · answer #2 · answered by retiredslashescaped1 5 · 0⤊ 0⤋
Well that depends on how cheap the house is and what your credit card limit is. If it is through a bank then they probably won't let you.
2006-08-30 18:48:13 · answer #3 · answered by Tammy R 2 · 1⤊ 0⤋
if you have a high enough credit line - and the relator is willing to take a credit card - seems like yes.
2006-08-30 18:47:55 · answer #4 · answered by cvy2000 3 · 0⤊ 0⤋
I don't think so but if you had a credit card that had credit limit of like $100,000 then maybe
2006-08-30 18:47:55 · answer #5 · answered by Smiley Freckles 3 · 0⤊ 0⤋
How's your credit? Maybe you could buy a DOG house, a very fancy one with a veranda, drapes and a pool. If your credit is REALLY good and have two doggies you could have the big dog buy the little dog his own house!
2006-08-30 18:51:16 · answer #6 · answered by Freesumpin 7 · 0⤊ 1⤋
if you have enough credit and you don't mind making huge credit card payments each month
2006-08-30 18:47:00 · answer #7 · answered by Tessie 3 · 0⤊ 0⤋
I think you could but why would you want to pay 20% verses like 6 or 7% with a bank loan. That would be a very very VERY dumb move.
2006-08-30 18:51:35 · answer #8 · answered by BigKilla 2 · 0⤊ 0⤋
technically yes. but it would have to a VERY cheap house.
2006-08-30 18:46:51 · answer #9 · answered by Anonymous · 0⤊ 0⤋
You sure can. I know a few people that have done it. It's all about the CC limit.
2006-08-30 18:47:57 · answer #10 · answered by LaBoner 2 · 0⤊ 0⤋