 Is it easy to get a loan in USA if you never been there? |
| A thought crossed my mind.. So I got curious. I'm sure the interest rates in the USA is cheaper than Australia. So how easy (or hard) is it for a non resident to borrow money from a USA bank?... |
|
 How do i find out about my credit? |
| ive gone 2 some web sites but they all need credit cards theres no site out there that dont need one 2 check your ... |
|
 How do debt collector works? |
I have an international friend who stayed for 3 months with me and now she left for her country with a bill from debt collector coming to my apartment.
She had a car accident which was her at ... |
|
 What's the best credit card to get? |
I have a Capital One right now but I want to know about different benefits and rewards they have. Im not too worried about the interest rate because I pay it off every month.
Additional D... |
|
 Credit score? |
| has anyone used annualcreditreport.com before?... |
|
 People in Debt?????? |
| How are people getting $30,000+ in debt? How do you still have credit to qualify for credit cards and things that put you into debt? I have one credit card that I owed $1100 on and I can't ... |
|
 How can I stop my parents from pulling my credit report? |
| My parents are really nosey and I am well into my 20s and they have no business knowing my financial situation. Unforunately they have all my personal information - social sec #, maiden name (go ... |
|
 Can I get adverse credit info removed from my background if it was for someone who I cosigned for? |
| I co-signed to help a friend purchase a motorcycle. He is still paying it off but has made a few late payments (over 30 days) and this is displayed negatively on my credit report. Can I get these ... |
|
 I need help finding a credit card? |
so i need help finding a credit card with no crazy high intresest or fees i dont care about rewards just mostly the APR
anyone know of some good places to look please ... |
|
 How soon can my car be reposessed? |
| My payment was due on the 13th, but I haven't been able to make the payment due to a family emergency. I am planning on making the payment on October 1st, when I get my annuity money, but until ... |
|
 Trying to get a Credit Card with a 600 credit score? |
| My credit score isn't very high and i would like to inhance my score with a unsecured credit card, but i would like to know eactly what company to use because i dont want to apply for varies of ... |
|
 Will some one paypal me a few grand please ? |
Anyone here flush ? im nearly broke and could do with some cash. can anyone paypal me some money ?
Additional Details
I do have a job thanks. . . im still broke
please pay me some ... |
|
 How do you borrow money when your credit is really really bad and you do not own a home? |
| i dont make as much money as i used to i cant afford to make payments due to the amount of child support i pay which is never late but i am about to lose my ... |
|
|  |
jeffy373 | Exceed credit limit on a credit card by a lot? |
This is going to sound weird... but... lets say your credit card had a limit of, say, $3k, and you went $15k over that limit. I'm not talking about spending $15k on one purchase. I'm talking about making, for example, 30 $500 purchases all in one day. Are credit card companies fast enough to cancel the purchases that went over the limit? Mine doesn't seem to be, but I really don't know (Amazon Chase Visa card.) I know that you have to pay an over limit fee, but I don't mind that one time fee as I will be paying it all back the next month. |
 |
 
ZCT
|
Well you might get 'lucky' and be allowed to charge all that to your credit card, but it is highly unlikely. If your limit is only $3,000 you probably have average credit. If you try to run 30 x $500 purchases in one day, more than likely your credit card will be blocked as soon as you go over the limit. So you will only be allowed to make one or two transactions beyond the limit before you are locked out.
Once you are locked out you will be charged $39 for going over the limit. You may also be charged an additional fee for each attempt to go over the limit. They may also up your interest rate to something crazy like 34.9% APR.
Next they will flag you as someone who does not keep agreements. This will preclude you from lower interest rates, higher credit limits, and other nice things. It can potentially affect your credit score too, since your high credit and limit are recorded on your credit report. Other lenders will see that you went over your limit, which will harm your ability to get other credit in future.
Which ever way you look at it, if you had some weird idea like buying 30 Sony Playstation 3 consoles and selling them for a massive profit on eBay, it ain't going to work. Your credit card company will severely punish you and lock you out long before you can go $15,000 over the limit. |
|
Jon W
 |
It will not always be caught.
An accidental overlimit can happen.
However, 30 $500 purchases in a day would generally be considered fraud - even if you pay it back the next month - as this is obviously not accidental.
In addition to the over-limit fee - it'll also go on your credit report.
They may also lower your credit limit or cancel your card.
Read your agreement with the card issuer for the details. |
|
Ben Dover
 |
Everything is computerized these days. Once you go over your limit I am sure the company will cut you off. |
|
retired military wife
|
Even if you weren't over your limit, your credit card company would start denying your transactions. They would think your card was stolen. |
|
write2kimberlymueller
 |
Credit card companies cannot cancel card purchases for merchandise you received. The merchant taking the card has the responsibility to get the transaction authorized and would therefore not be paid by Amazon Chase for the things you bought.
Once a card is authorized, a "hold" is generally placed on the available credit to limit the amount you could go over your limit.
What the heck did you buy? |
|
Vegastitan
|
You may go over a little, but it will be denied very quickly. |
|
Phil O' Brien
|
Credit card companies don't cancel purchases. They either authorize credit card transactions or they don't. It's doubtful that Chase will let you get that far over the limit before shutting your card down cold. |
|
DaMan
 |
You obviously are living in Utopia expecting something for nothing and looking for ways to "pimp" the system like a prostitute.
The credit card companies have automatic update of your credit card balance after each ON-LINE sale is made. Once you reach your credit limit, the credit card company will review your account and approve/decline transactions that exceed your credit limit on a case-by-case basis based on your account history and other factors. Normally, however, they will start declining transactions AT THE POINT OF SALE, when you exceed your credit limit by a certain amount.
Each merchant is supposed to call their credit card servicer to obtain an authorization code for the customer's purchase. The credit card servicer will verify through the Visa/Mastercard/Discover network that the customer has sufficient credit line to purchase the item/service and issue an authorization code to the merchant for reference and payment purposes.
If the merchant is stupid enough to complete your credit transaction WITHOUT dialing the credit card company for the appropriate AUTHORIZATION CODE, then the merchant could stand to lose the total amount of the credit sale. In order to get paid CASH for the amount of their credit sales, the merchants need these valid authorization codes.
Besides, going over your credit limit damages your FICO score as it is not considered a responsible use of your credit. |
|
Lisa A
|
Credit card purchases are authorized on the spot. If you are over your limit, further purchases will not be authorized.
There are some exceptions to this. The CC company may let you go a little bit above your limit as a courtesy. And if they make tons of money in penalties and fees if you go over your limit, they may allow it. But generally they will not. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 35 minutes(s) ago
| | | |
9 | 46 minutes(s) ago
| | | |
8 | 2 hour(s) ago
| | | |
7 | 6 hour(s) ago
| | | |
9 | 9 hour(s) ago
| | | |
9 | 11 hour(s) ago
| | | |
8 | 1 day(s) ago
| | | |
8 | 4 day(s) ago
| | | |
9 | 5 day(s) ago
| | | |
9 | 6 day(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
