How does a balance transfer work on a cash-back reward credit card?

Posts Tagged ‘assumption’

How does a balance transfer work on a cash-back reward credit card?

By Author on Sunday, September 12th, 2010 | 3 Comments

I have a rather large expense coming up (~,000), & I would like to know how a balance transfer will affect my personal situation. I pay all my cards in-full, but with this large expense coming up, I would like to execute my first balance transfer, without having to empty my Savings account. Game plan: [...]

A Short Background From the Mortgage loan

By Author on Friday, August 27th, 2010 | No Comments

Most people know what a home loan is, due to the truth that numerous individuals have 1. But, do you know how the mortgage loan itself came about? Here is some basic background on the mortgage and where it came from: Inside the starting, a mortgage loan was just a conveyance of land for a [...]

If you default on your credit card debt, an unsecured debt, why can the bank garnish your salary?

By Author on Monday, July 26th, 2010 | 10 Comments

I thought a credit card was an "unsecured" debt, meaning they are loaning you money not based on your assets, but on their assumption (based on their research into your history) that you will pay it back. If you don’t pay it back, shouldn’t it just be tough tuna for the bank? They took a [...]

Why is it when someone runs a credit check against like (like when you apply for a card) it hurts your score?

By Author on Monday, June 21st, 2010 | 2 Comments

Is it a business tactic? In the fact that they force you to pay for checking your credit score before you apply, so you know what it is and can decide before hand if you qualify for a loan or credit card. That’s my assumption. It seems very detrimental in my opinion, in the sense [...]

No Annual Fee Credit Cards

Posts Tagged ‘assumption’