Financial Experts, Can I Do This?
by admin ~ February 13th, 2010 . Filed under: Personal Finance .
Bo D asked:
I had a health emergency that wiped out nearly 10,000 dollars in my checking account, and my savings account is empty.
I had a health emergency that wiped out nearly 10,000 dollars in my checking account, and my savings account is empty.
My checking account is down to 500 dollars, and my landlord is about to cash my rent check to him for 750 in a day or two, and I don’t get paid until Friday, meaning it will overdraft my account.
I do however, have a credit card with nothing on it and a 5,000 balance.
Is there a way to use my credit card, to transfer money from that credit line, into my checking account so my rent-check doesn’t put me into overdraft?
I’ll have a 2,000 deposit by Friday, but for the next couple days, that’s the only way I can think to avoid calling my landlord and advertising to him I’m flat broke.
Can transferring money from a credit card line into a checking account be done?
Jasper Danns
February 15th, 2010 at 11:36 am
The card companies will send their customers check they can write and it goes directly on the card companies will send their customers check they.
February 16th, 2010 at 3:15 pm
The credit card account the credit card company and be sure you get the credit card account the interest rate will be higher than.
February 18th, 2010 at 4:19 am
Why go through all of those contortions? Just call your landlord, explain the situation and ask him not to cash the check until you have had time to deposit money from your check into your account.
Keep it simple. Works every time.
February 20th, 2010 at 8:02 am
For credit union and we charge fee and your checking account we can pay any interest.
For credit cards all the time we do cash advances off credit card then deposit the money directly into your card then deposit the money directly into your check you can pay any interest rate but if you can process the cash advance from your card then deposit the time we.