Steven
Jacksonville,#2Consumer Suggestion
Wed, February 13, 2008
How much of this credit card balance is the cash advance part??? Most credit card companies charge a higher interest rate for cash advances. What did your credit card say was the percentage rate. When you got the credit card what did the disclosure say about getting cash advances from your credit card. You should only use a cash advance for emergencies if at all. I know I never even use this option. You should pay more than the minimum due when you send in your payment. If you do you will notice that they will more than likely subtract that from the cash advance balance as well as some towards the principal. Just poor cash management on your side not predatory lending.