Go to Jeff Salisbury LWGate Home Page.From: "Gary M. Oppenheimer" <GOPPENHEIMER/0002180241@MCIMAIL.COM>
Subject: Re: persfin-digest V5 #55
Date: Thu, 08 Oct 1998 13:23:39 -0500 (EST)
Next Article (by Author): Credit card rebates "Jack R. Stokvis"
Previous Article (by Author): Frequent Flier Credit Cards BobWo@aol.com
Articles sorted by: [Date]
[Author]
[Subject]
I believe you'll find that those rates are for credit card charges, not for cash advances (which you'd need to pay off the car loan). Your only way around this is to buy something with the credit card, and sell it immediately for its cash value to someone else. Use the cash to pay off the car loan, and then pay down the "loan" with the credit card debt. - ------------------------------------------------- Date: Wed, 7 Oct 1998 16:26:31 -0700 From: "sreeni tellakula" <sreeni@isi.com> Subject: balance transfer Hi I keep getting offers from credit cards at 3.9% to 4.9%APR. I have an auto loan at 7.75%. If I transfter this loan to the credit card, will I save? Can some one tell me how credit cards compute interest? For ex: the auto loan - the interest is calculated as follows: balance: 10000, 1 month time, APR 7.75% Interest at end of month 10000 X 7.75 / (100 X 12) $64.58. Thank You - - --- Sreeni Tellakula sreeni@isi.com - -
Next Article (by Author): Credit card rebates "Jack R. Stokvis"
Previous Article (by Author): Frequent Flier Credit Cards BobWo@aol.com
Articles sorted by: [Date]
[Author]
[Subject]