2 thoughts on “January 20, 2014”

  1. Kat Graham says:

    Because when you access funds from an ATM using a credit card, it is called a cash advance and the interest rate on cash advances is OUTRAGEOUS! Also, the interest starts immediately on cash advances!

  2. Mike Finley says:

    You hit on all of the key points, Katherine. Well done! Let’s recap.

    When you use your credit card in an ATM you will pay a very high price for that convenience.

    It will be a cash advance. 20% to 30% in interest is normal.

    You will be paying interest immediately. There is no grace period on a cash advance.


Leave a Reply

Your email address will not be published. Required fields are marked *

The Crazy Man in the Pink Wig