Interest rates are coming down

Discussion in 'Credit Talk' started by creditwork, Jan 14, 2001.

  1. creditwork

    creditwork Well-Known Member

    The Fed lowered rates a couple of weeks ago. First Union promptly lowered their prime rate. The Fed seldom makes just one cut, look for further lowering of rates.

    Interest rates are coming down,
    don't let them push you around.
    Exercise your credit to make it grow. Think of CreditWorks as your exercise equipment, put one card to work for you. Use PayPal and your membership can work for you in multiple ways.

    Please visit us at http://www.creditsense.com or e-mail me for more details.
     
  2. Saar

    Saar Banned

    RE: Interest rates are coming

    I agree, it seems the prime rate will keep going down.

    Herb, I'm not sure why you said you won't be using Yahoo's PayDirect. It allows balance transfers of up to $12,000 a year WITH a grace period. No other balance transfer program offers a grace period.

    (Of course, one can also use it for cash advances, but that is against their policy, and probably won't work in the long run).


    Saar
     
  3. creditwork

    creditwork Well-Known Member

    RE: Interest rates are coming

    I didn't say I would not use it. I saw a max. of $250 per transaction. We at CreditWorks cannot accept less than a $1000 membership, not a cash advance, we take 11 months to pay. If Yahoo can help CreditWorks get more customers, we are more than willing to try it. I will visit them again.
    Thanks,
    Herb

    http://www.creditsense.com
     
  4. sam

    sam Well-Known Member

    RE: Interest rates are coming

    Does creditworks pay on a fixed apr or variable? I forget. Has the fed lowering of the rate (and they will again) affect your payments?

    I'm idly curious about your service.
     
  5. Saar

    Saar Banned

    RE: Interest rates are coming

    Upon verification of address, Yahoo's PayDirect will let you transfer up to $1000 every 30 days.

    What I suggested was that you can use it to get something that otherwise doesn't exist, because normally balance transfers have NO grace period, so you start paying interest immediately. If, however, you make a balance transfer through PayDirect, you enjoy your card's regular grace period.

    You can go even further and use CumpuBank's deposit-by-credit-card feature to open a savings account, thereby EARNING INTEREST on money that's not even yours. CompuBank will also pay you a $20 account opening bonus:
    http://www.compubank.com/cbe_appl.htm?AFFINITY=10040117


    Saar
     
  6. creditwork

    creditwork Well-Known Member

    RE: Interest rates are coming

    Sam, thank you for your idle interest. Interest aside, (19.47%APR), we are not affected by the Fed, we have been paying 19.47% APR since 1996 and will continue to pay 19.47% APR. We do offer a second choice. We pay 20%, if you leave the funds with us for a full year. Please visit or e-mail me for more details.

    http://www.creditsense.com

    Herb
    creditworks@msn.com
     
  7. creditwork

    creditwork Well-Known Member

    RE: Interest rates are coming

    Thanks Saar. We tried opening an account with Compubank a while back. We went through the whole procedure, even faxed the required information, but never heard anything from Compubank. We do not like having to chase after something that should be done without hassle. Compubank has lost us as a possible client. I will look into Yahoo again. They have been a lot more accessible to us.

    http://www.creditsense.com
     

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