Taking Credit Card On Line

Say I have credit cards with a credit line totalling 50,000, and I have not used any of the credit.

Then, suppose my house gets foreclosed, and my credit gets shot. Will I still be able to use the 50,000 credit line from cards that I got BEFORE I took the credit hit?

As soon as the foreclosure hits your credit report, credit card companies will each re-evaluate your credit lines. It will be individual company decisions, but most of them are very risk averse these days, and the outcome won't be good.

I'm not recommending this, but people in this theoretical position often take the money out before the evidence of foreclosure hits their credit. I'm assuming this is some sort of short term emergency and that you have every intention of repaying -- it would be fraud to take the money out knowing you won't be able to repay.

2008-05-13 16:39:07 by tyler

Why gadgets aren't safe in hotel rooms, church donations on credit, mobile greeting cards, Barbie gets virtual, and the Netflix treatment for ...

okay so my bank just increased my credit card by a large amount... I was hoping to buy a car soon but didn't know if I should finance or take out a loan. now my credit card will cover the cost itself.

is a credit card the same as taking out a line of credit?? like would it make any sense to take out a line of credit (if i qualify) even though I already have the full amount needed on my credit card (low interest rate)

A line of credit does not typically have a physical card attached to it, but operates just as a credit card would in the sense that it is a revolving loan. Revolving loans can change in principal by you either paying down extra each month or charing more to the account. While credit cards work virtually everywhere, lines of credit may be restricted to certain companies, but in the case of your bank line of credit, you can probably just withdraws cash against the balance. Consult your banker for more information in order to make sure that there is not a fee for using the line of credit.

2009-11-07 11:56:19 by ♥Noah is 1!♥

Price: $29.99 $9.99

Make phone calls or listen to audio files on your Micro USB headset jack.
Item 1: Lg Brand microusb headset. LG Original Accessory. Acoustically tuned earbud speakers provide improved sound quality and clarity in noisy environments.
Hands-free in-line microphone provides clear communication while taking phone calls. Comfortable feel, light weight and easy to carry. Simple plug and play capability. Micro USB connection.

Providing that you're able to get approved for the credit card, make on time payment and keep the balance at or below 30% of the limit, it can take up to 2 years to fully develop a solid credit history

2008-04-08 10:06:25 by roses4him2007

Price: $29.99 $9.99

Item 1: Lg Brand microusb headset. LG Original Accessory. Acoustically tuned earbud speakers provide improved sound quality and clarity in noisy environments.
Hands-free in-line microphone provides clear communication while taking phone calls. Comfortable feel, light weight and easy to carry. Simple plug and play capability. Micro USB connection.
Make phone calls or listen to audio files on your Micro USB headset jack.

I have a credit card statement from bank of america. The statement says the i have $5000.00 credit line available and $3000.00 cash available. Can i go to the bof and get monet out of the cash available?? how would that work??? Do i use it as it atm?? I dont have no money in my checking account and i need to take money out? i need help on what does that mean about my credit and cash available. thanks.

I would only do it if I was in a real emergency. You could do it at an ATM. You put in your pin number for your card and you get cash out of the ATM.

2009-10-05 16:09:00 by Nick L

I got a student credit card last year. I've always paid all my bills in full and on time. Now I'm getting "pre-approved" offers for WaMu platinum cards with a credit line ($7,500) bigger than my life savings. I don't need and won't use this extra credit, but maybe a high credit rating could help me in the future. Would taking on this extra credit line boost my rating, or would it be pointless?

The inquiry will cause your score to decrease by a few points. But, after some time of a second card being in your name, combined with that you'll have more credit available compared to the credit you've used, it will increase your score and allow potential lenders to see that you can be trusted with credit.

2008-04-30 14:15:14 by 莫囂圓隣