Credit

Apr 20 2017

What Are Convenience Checks and When Should You Use Them? #how #can #i #get #a #free #credit #report

#call credit check # Understanding convenience checks Those oh-so-tempting convenience checks that credit card issuers stuff in card statements and other mailings can lead to a whole lot of debt in a hurry. “They are very, very tempting,” says John Ulzheimer, president of consumer education at SmartCredit.com. “They can act as the crack cocaine of the credit card world if you’re not careful.” Here’s why. A convenience check, also called a credit card check, is linked to a consumer’s credit card account and can be used to make purchases or take cash advances with the credit card. To make a …