Re: capital one

Posted by observer (205.188.209.12) on February 27, 2003 at 17:13:06:

In Reply to: capital one posted by TSR on February 27, 2003 at 16:39:47:

Cash advances on cc are always at a much higher rate than the purchase rate. You'll find that true for any card. If yoy quit paying look for your rates to go to the default level-25% or more and be turned over for collections. Once other creditors see your trouble with Cap 1 all of your interest rates will skyrocket. AT the end of the day, for $5500 Cap 1 or a collection agency will likely sue you.
Your best bet is to stop using cash advances as a sorurce of income and start paying down your debt.

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