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Does anybody know a way that i can get a loan using a credit card instead of a bank account? |
Does anybody know a way that i can get a loan using a credit card instead of a bank account? Have you looked at Prosper.com? Alternative way to get a loan. They are always sending me those checks, so maybe just call your card company. Why would you do that? the interest rate on a credit card is so much higher than a bank loan. Do you currently have a credit card? If so, they usually send you blank checks. I would call them and request them. They do, but think you will be shocked by the high interest rate. you do not want to do that. even if its as small as a grand, the interest will be soo high that you will only be able to afford to pay the accumulated interest each month but not the original amount. thats how it starts and before you know it you'll be in debt for the rest of your life A credit card *is* a loan: specifically a loan called a revolving line of credit. The credit card company agrees to loan you your credit limit, paid to vendors of your choice (when you run the credit card); and you pay it back. To get a cash loan with the credit card, go to an ATM: it's called "cash advance". The difference between a credit card and a bank account for someone making a loan is that your credit card is a liability (something else you have to pay for), while a bank account is an asset (cash that you can use to pay back the loan). you could take a cash advance [very high interest rates] from the card i think a bank would do it. a casino would but dangerous .some companys give payday loans if you got a job car loans |
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