Hey... My friend just sent me an instant message. I guess her roommate BOUNCED on her and suck her for January's rent. She is like $350 short and it's due by tomorrow. She has no savings (don't worry...I already got on her about that...especially w/ 2 kids) and the only thing she has are the 2 Citi AA cards ($18k total credit). I told her to do what she's gotta do and get the money. Then work on plan B (whatever that is) to come up with the rest. So for the time being, she wants to get a cash advance off one of the cards. I told her that she could just walk into any bank, tell them what she needed, present them with her card and ID and get the money. Is this correct? She doesn't have a PIN.
Also...when she comes up with the $350 to pay Citi back, when she makes a payment that money will go to pay that cash advance FIRST....right?
charging rent is nearly obsolete now. The landlords got screwed on charge backs big time back in the day...
You don't need a pin to get a cash advance from a teller. Payments will be applied first to balances at lower APRs, then to cash advances. It's better to take the cash advance from a zero or low balance card.
Typically when you bounce a rent check, it then becomes due (plus late fees, plus bounce fee) plus the balance IN certified funds. Otherwise i'd have suggested using one of those citi Balance transfer checks they always spam you with.
Is there anyway you can make a payment to Citibank and tell them that you wanted applied to the cash advance? I remember once that someone (Saar?) posted an address to send special payments to Citi??? I can't find the thread.
All of my CCs apply to lower APR first, then cash advances. On my FUSA, the rate is the same on purchases and cash advances - they always apply the payment to the cash advances first, then to purchases. I did use a BT check with a 1.9% APR for three months, in which case they applied my entire payment to that one.
MP$40, I have it on my desk at home,& will send it to you by email later on(if not online to IM you). Sister Girl
There is a specific address posted here on the cash advance payment address. Do a search for "cash advance Citibank address" to find it. Alternatively, if she can get a BT offer on that card - Citi will send her a check in her name and she'll get it in less than a week if someone can spot her the money for the rent in the interim or if the rent place will give her a chance (based on what the roomie did).
Nope...not gonna work. The check in her name would take to long. She needs the money TODAY! One thing you must understand about renting in the Silicon Valley: <In Ebonics> Landlords don't play about their money! Meaning: There are no chances really...rent is due from the 1st - 5th. On the 6th you get a 3-day pay or quit notice. After that, YOU ARE OUT...and they will get you a Sheriff's escort! Deciding to wait for the 3-day notice and then pay isn't good either because after you pay, you are usually handed a 30 day notice anyway. My friend doesn't want to chance it.
MP$40 wrote: "<In Ebonics> Landlords don't play about their money!" lol! I gotcha. But (in ebonics): Cain't nobody help gurlfren out for three-fitty for one week? Then just sweat her behind until the BT check comes in... Seriously, if it is that desperate, then do the cash advance and send the payment to that address. It is on here somewhere. Posted in the last two months...
<In Ebonics> That's what I aint gon do! Cause I don't play about my money! Besides...she aint one of the tight hommies anyway and I'd hate to go to jail over $350 after she doesn't pay me and I gotta go punk her for it....I'm cool off that! LOL...
Found the address with Citi,and unlike Chase, you can direct payments to be applied only to the cash portion of the balance by sending a payment to; Citicards Exception Payment Processing PO Box 8011 South Hackensack,NJ 07606-8011 (correct zip) A few things to remember... 1) You must put your acct# on check. 2) This payment will not count toward your minimum monthly payment,so you still must make your regular payment to citi. 3) On top of your signature you MUST put P=00 (ie, payment amount you want directed towards regular monthly payment,in this case zero) C=(amount of payment you want directed towards lowering cash advance balance,as an example,lets say $250.00. So in this case P=0 and C=$250.00
You gave me a good laugh today, MP$40. Thanks! But, you know, this situation reminds me of the adage that you get all the credit available when you don't need it - but when you do need it, tough luck. I understand where you're coming from, though. I'd have her do the cash advance - if for no other reason than as an "education" as to why one should always have an e-fund. peace out,
Actually she's coming over to my house to talk about finances, etc. Makes me feel sort of good in a way...I may not know everything when it comes to investing, etc. but I do know something. I can set her on a basic path but she has a lot to learn. How are you gonna spend $5k on breast implants (financed) but you can't afford a tutor for your kids? Trippin....but I'll set her straight.
Hey MP$40, I WROTE THAT CITI THING- NOT NICE TO PLAGIARIZE, MP$40. I"m Sure it was just an oversight.... VJ
