Is it wise to use a line of credit to buy a used car?

That depends on your options. If you can buy it outright with no loan that is the best. If you can finance it for less interest than your line of credit, that is okay. But you must check interest rate options. The worst is buy here, pay here at

How can parents help their child establish good credit?

Start by teaching them financial responsibility. At a young age, give them an allowance and make then buy their clothes/music/video games with it.  This will establish a sense of value, and a sense that money is scarce.A great trick: give kids a daily allowance while on vacation.  This will eliminate the "can I have that? can I have this?

How can parents help their child establish good credit?

Hello!The best way that parents can help their children establish and maintain good credit is through education.  Children today need to be educated on the pitfalls of getting too much credit at one time as well as the advantages of having a manageable

How did you feel when your credit card was declined at a restaurant?

Having a card declined can be embarrassing. I used to work in a Casino Bank where declined cards was a frequent occurence. So, to avoid the guest's potential.embarassment, I provided them with a logical excuse. I explained that the decline was most likely a security

Will crypto credit cards become more popular?

Yes, there are many things, that are going to change in the future of currency... some say Governments around the world are in the process of eliminating paper currency altogether. There are many third world societies that function through debits off of their cell phones...

Do banks take notice when you pay your credit card in person in cash?

If you go to the bank often and if the same staff continues there for some time, they may recognise you.But, many banks charge extra if you pay your credit card bill personally with cash. That is called cash handling charge. At least this happens in India.So, it makes sense to pay from your

Can a restaurant stop you from leaving when your credit card is declined?

They probably wouldn't physically stop you since restaurant staff isn't trained to deal with the public in that manner. But unless you talk with the manager and explain your situation and work out some arrangement to pay your debt, they could call the police and have you arrested. Keep in mind that they have

What is a cash advance?

You are one of the rare people who has asked this question on Quora. It is a good thing that you want to know about it. Coming to the point, Cash Advance is medium to withdraw cash as a short-term loan from your credit card. It

What will happen if I pay less than the minimum due amount?

If you just do this for 1 month your account will be marked as past due and it affect your credit rating. If you do this for more than 1 month your account will move to delinquent status and have your creditor attempting to collect the past due amount which will have an even greater affect

Should you add tip amount to your credit card bill or pay tips by cash in a restaurant?

All things being equal, it is better to leave a cash tip to your server, as a credit card tip is taxed. With some restaurants, your server is responsible for claiming how much they made in tips that day. Claiming high tips leads to higher taxation, so servers often claim less than what they made, but it is impossible

How to get cash with just a credit card number

First, this sounds illegal. Lots of people can get credit card numbers that aren't their own, few can get hard cash with just a number. If you're pursuing illegal methods of defrauding a credit card and it's owner, I suggest you do not do such things. If however you

Is it possible to pay a credit card bill with cash?

You may use cash to purchase a money order, transfer by Western Union, or buy a pre-paid debit card. Then use any of those means to pay your credit card bill.Money Order - $3. Bring a blank envelope and go to the post office to purchase a money order. Put your Credit Card's account number on the money order.

How to put a balance on my interest free credit card without doing cash advance

If you have little time and don't mind the hassle here is what you can do to withdraw cash for small fee.. its not free :(Go to a store which sells reloadable visa prepaid gift cards and load it for $500 by paying $4.95 fees. Buy two of them for a total of $1000 in gift card

Do credit card companies really check if you say your credit card was stolen and cash was taken out?

You generally can't get cash without your PIN at an ATM or a Cash Advance at a bank where they must ask for a government ID. How would you explain that the person who

How to break my habit of purchasing on credit

Delete shopping appDelete food appsOrder online stuff which only you must need stuff not desireNowadays many people get into debt easily like they use to buy things on emi or loans if their financial condition does not allow them to buy anything by their own money at one

How much cash should I take to France for 10 days while also using credit cards?

Cash is only required for small things, such as taxi rides (some take cards); ice creams etc. For the majority of things a tourist might use, credit cards are always accepted. In the case of France however, they generally only accept Visa or MasterCard, it is rare for them to accept American Express or Diners Club.In terms

How much money do cash-only restaurants lose by not accepting credit cards?

I don't think much at all. They save a bunch in transaction and processing fees for the odd customers that refuse cash.I use my card for everything. EVERYTHING. I love my cards, and I love my points and statuses and such. But I go to a restaurant because the food is good. I don't

Many companies provide cash back if someone pays with a card or by mobile payment. How does it profit them? I can understand there is some hidden time value of money, but how does it work?

When you make a purchase with a credit or debit card, the merchant you buy from pays a fee - a percentage of the transaction. That is how the credit or debit card company makes money. (It's a bit more complex in that there's more than

What is the APR in credit cards and how does it work?

What is the APR in credit cards and how does it work?Thanks for the A2A. As explained at Definition of APR and more

What is the role of the money as credit in economy?

Since the value of money remains same, thus it also played important role for deferred payments. Deferred transactions are those transactions which has to be made in future. In the absence of money, the transactions were made in terms of goods and services, whose value vary over time due to various

Why should someone use cash instead of credit card?

You should always have cash on you whenever you want to go make purchase at the store.Your card might be declined at the store and you might need that particular thing you buying you cash is needed,also using a card at a store gives more credit to

Do credit card companies really check if you say your credit card was stolen and cash was taken out?

You generally can't get cash without your PIN at an ATM or a Cash Advance at a bank where they must ask for a government ID. How would you explain that the person who

How to break my habit of purchasing on credit

Delete shopping appDelete food appsOrder online stuff which only you must need stuff not desireNowadays many people get into debt easily like they use to buy things on emi or loans if their financial condition does not allow them to buy anything by their own money at one

How much cash should I take to France for 10 days while also using credit cards?

Cash is only required for small things, such as taxi rides (some take cards); ice creams etc. For the majority of things a tourist might use, credit cards are always accepted. In the case of France however, they generally only accept Visa or MasterCard, it is rare for them to accept American Express or Diners Club.In terms

How much money do cash-only restaurants lose by not accepting credit cards?

I don't think much at all. They save a bunch in transaction and processing fees for the odd customers that refuse cash.I use my card for everything. EVERYTHING. I love my cards, and I love my points and statuses and such. But I go to a restaurant because the food is good. I don't

Many companies provide cash back if someone pays with a card or by mobile payment. How does it profit them? I can understand there is some hidden time value of money, but how does it work?

When you make a purchase with a credit or debit card, the merchant you buy from pays a fee - a percentage of the transaction. That is how the credit or debit card company makes money. (It's a bit more complex in that there's more than

What is the APR in credit cards and how does it work?

What is the APR in credit cards and how does it work?Thanks for the A2A. As explained at Definition of APR and more

What is the role of the money as credit in economy?

Since the value of money remains same, thus it also played important role for deferred payments. Deferred transactions are those transactions which has to be made in future. In the absence of money, the transactions were made in terms of goods and services, whose value vary over time due to various

Why should someone use cash instead of credit card?

You should always have cash on you whenever you want to go make purchase at the store.Your card might be declined at the store and you might need that particular thing you buying you cash is needed,also using a card at a store gives more credit to

Where do people with bad credit hang out?

This is an interesting question.... It's been my experience that you'll find plenty fitting that description at check cashing facilities. It happens to be a cruel reality of economics and lifestyles in many places.

How can international students build credit in the US?

When I first arrived in the United States, only one credit card offered me credit but required a Social Security Number. Your school's International Student Office will probably coordinate with the United States Social Security Administration to provide you such