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Tip of the Day Consider Public Schools

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Don't Use Your Credit Card for Cash Advances

Don't Use Your Credit Card for Cash Advances - We all have times where we get into a jam and need a little bit of additional money, but don't use your credit card to obtain cash advances as all this does is harm the score of your credit and add to your expenses with an extremely high interest rate repayment. Cash advances on credit cards carry with them amongst the highest interest rate out there, so before considering this is an option to get you out of sticky situation, approach family and friends, or ask for a small low-paying bridge loan to get you through. This interest is much lower.

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It is the stupidest thing one can do. I work in a bank and I have seen many people getting their credit cards blocked by the bank because they took cash advances and they couldnât pay it. Lending money from persons will be a better idea.

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Definition of the Day Outstanding Stock

Outstanding Stock - Outstanding Stock is the currently held stock certificates by shareholders, including restricted shares owned by the officers and insiders of a company or corporation. It is stock certificates held by the public realm investors. Shares purchased by the corporation or company are not considered outstanding stock certificates...

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