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Wednesday, August 23, 2006

Credit Card Balance Transfer Made in Error?

Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Post subject: Credit Card Balance Transfer Made in Error?
Posted: Fri Aug 18, 2006 9:08 pm

Quote:

"spjoink"
really , what happened excacly ...please explain

I had a credit balance like $5,000--$10,000 (maybe more) because of doing a BT deal "OVER-PAYMENT"

THEY JUST TOLD ME ON THE PHONE DON'T DO THAT AGAIN BECAUSE IT VIOLATES THE T.O.S.
(when I was asking for a check to be sent to me for the credit balance)

I asked for that in WRITING 4 times...never got it

IT "MAY" NOT EXIST

But with the money laundering issue they "MAY" still close your account BECAUSE THEY CAN

I'm not gonna' risk it

It may not be an issue like under $100


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Guest: spjoink
Credit Expert (100+ Posts)
Posted: Fri Aug 18, 2006 11:02 pm

i see .....Mouse the money launderer...


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Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Fri Aug 18, 2006 11:21 pm

THAT CREDIT CARD IS NOT MONEY LAUNDERING ANY WAY YOU CUT IT!!!

BECAUSE YOU OWE IT ON ANOTHER CREDIT CARD (BT) or IT CAME OUT OF YOUR CHECKING ACCOUNT!!!!


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Guest: multiplierx
Posted: Fri Aug 18, 2006 11:53 pm

This is generally a bad idea. You are still able to get away with it through some banks, but to me it's not worth the potential problems and damaged credit. I would never recommend doing this.
_________________
Total interest paid on cards = 0.00
Amount of cash/rewards in past year = $550
Utilization - less than 1%


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