Comments on: If I take a cash advance and pay it back in less than 3 days will this hurt my credit rating? http://www.cashpayadvance.org/cash-pay/cash-pay-advance/if-i-take-a-cash-advance-and-pay-it-back-in-less-than-3-days-will-this-hurt-my-credit-rating/ A Weblog about My Cash Pay Advance Tue, 22 May 2012 08:46:20 +0000 http://wordpress.org/?v=abc By: heidi s http://www.cashpayadvance.org/cash-pay/cash-pay-advance/if-i-take-a-cash-advance-and-pay-it-back-in-less-than-3-days-will-this-hurt-my-credit-rating/#comment-6715 heidi s Wed, 13 Aug 2008 18:33:41 +0000 http://www.cashpayadvance.org/if-i-take-a-cash-advance-and-pay-it-back-in-less-than-3-days-will-this-hurt-my-credit-rating/#comment-6715 No it should not. Do you mean cash advance from your credit card? As long as you pay your credit card before or by the due date you should be fine. Why do you need to pay the car off so fast? you can always make your minimum payment on the car loan till your money hits the bank. No it should not. Do you mean cash advance from your credit card? As long as you pay your credit card before or by the due date you should be fine. Why do you need to pay the car off so fast? you can always make your minimum payment on the car loan till your money hits the bank.

]]> By: Aaron http://www.cashpayadvance.org/cash-pay/cash-pay-advance/if-i-take-a-cash-advance-and-pay-it-back-in-less-than-3-days-will-this-hurt-my-credit-rating/#comment-6714 Aaron Mon, 11 Aug 2008 12:44:52 +0000 http://www.cashpayadvance.org/if-i-take-a-cash-advance-and-pay-it-back-in-less-than-3-days-will-this-hurt-my-credit-rating/#comment-6714 At worst, it would be better to suck up the late fee on the car payment than to invoke the horrible interest rates (some can be around 500% APR!) and fees associated with a cash advance. At worst, it would be better to suck up the late fee on the car payment than to invoke the horrible interest rates (some can be around 500% APR!) and fees associated with a cash advance.

]]> By: Jen G http://www.cashpayadvance.org/cash-pay/cash-pay-advance/if-i-take-a-cash-advance-and-pay-it-back-in-less-than-3-days-will-this-hurt-my-credit-rating/#comment-6713 Jen G Sat, 09 Aug 2008 05:32:48 +0000 http://www.cashpayadvance.org/if-i-take-a-cash-advance-and-pay-it-back-in-less-than-3-days-will-this-hurt-my-credit-rating/#comment-6713 Why do you have to have it by Monday? Is there a reason you can't contact the company who holds your loan and pay it back when you actually have the money so you don't have to borrow anything? If you take out a cash advance many times there are fees and no grace period on the interest. You need to talk all of that into account before you take it out. Why do you have to have it by Monday? Is there a reason you can’t contact the company who holds your loan and pay it back when you actually have the money so you don’t have to borrow anything?

If you take out a cash advance many times there are fees and no grace period on the interest. You need to talk all of that into account before you take it out.

]]> By: gin_in_mi http://www.cashpayadvance.org/cash-pay/cash-pay-advance/if-i-take-a-cash-advance-and-pay-it-back-in-less-than-3-days-will-this-hurt-my-credit-rating/#comment-6712 gin_in_mi Fri, 08 Aug 2008 13:08:51 +0000 http://www.cashpayadvance.org/if-i-take-a-cash-advance-and-pay-it-back-in-less-than-3-days-will-this-hurt-my-credit-rating/#comment-6712 It won't or shouldn't effect your credit rating as long as it is paid back ASAP... BUT you need to think about a few things prior to doing a cash advance from a credit card. What is the fee they will charge for the advance? What about the interest rate? How soon will that interest rate hit your charge account? Is it possible to make an arrangement to pay the auto off a day or two later? Normally a slow pay will not effect overall credit rating. Especially if it is only a one time thing. But if it becomes a habit, then it will effect your overall rating adversly. What about a short term bridge loan. The fee's may be less than the charge account's advance rate's. Just a few things to think on before commiting yourself to any plan of action. It won’t or shouldn’t effect your credit rating as long as it is paid back ASAP… BUT you need to think about a few things prior to doing a cash advance from a credit card. What is the fee they will charge for the advance? What about the interest rate? How soon will that interest rate hit your charge account?

Is it possible to make an arrangement to pay the auto off a day or two later? Normally a slow pay will not effect overall credit rating. Especially if it is only a one time thing. But if it becomes a habit, then it will effect your overall rating adversly.

What about a short term bridge loan. The fee’s may be less than the charge account’s advance rate’s.

Just a few things to think on before commiting yourself to any plan of action.

]]> By: Rob D http://www.cashpayadvance.org/cash-pay/cash-pay-advance/if-i-take-a-cash-advance-and-pay-it-back-in-less-than-3-days-will-this-hurt-my-credit-rating/#comment-6711 Rob D Wed, 06 Aug 2008 20:32:55 +0000 http://www.cashpayadvance.org/if-i-take-a-cash-advance-and-pay-it-back-in-less-than-3-days-will-this-hurt-my-credit-rating/#comment-6711 You can never hurt your credit rating by repaying a loan. In some cases however, it may help your credit history to pay it back over time. Just don't make a late payment, and try to make above your minimum payment each time. You can never hurt your credit rating by repaying a loan. In some cases however, it may help your credit history to pay it back over time. Just don’t make a late payment, and try to make above your minimum payment each time.

]]> By: Puzzleman http://www.cashpayadvance.org/cash-pay/cash-pay-advance/if-i-take-a-cash-advance-and-pay-it-back-in-less-than-3-days-will-this-hurt-my-credit-rating/#comment-6710 Puzzleman Mon, 04 Aug 2008 01:18:38 +0000 http://www.cashpayadvance.org/if-i-take-a-cash-advance-and-pay-it-back-in-less-than-3-days-will-this-hurt-my-credit-rating/#comment-6710 There is absolutely no reason why this should affect your credit rating, AS LONG AS YOU PAY IT BACK. There is absolutely no reason why this should affect your credit rating, AS LONG AS YOU PAY IT BACK.

]]> By: TaxMaven http://www.cashpayadvance.org/cash-pay/cash-pay-advance/if-i-take-a-cash-advance-and-pay-it-back-in-less-than-3-days-will-this-hurt-my-credit-rating/#comment-6709 TaxMaven Sat, 02 Aug 2008 21:25:24 +0000 http://www.cashpayadvance.org/if-i-take-a-cash-advance-and-pay-it-back-in-less-than-3-days-will-this-hurt-my-credit-rating/#comment-6709 You desperately need to get a copy of "Total Money Makeover" by Dave Ramsey. You desperately need to get a copy of “Total Money Makeover” by Dave Ramsey.

]]>