Can I repay the balance from my cash advance first, before paying for the purchases I made on my credit card?
Yes, as a general rule, credit card issuers have to allocate your payments to the amounts that have the highest interest first. Since cash advances typically have higher interest rates than credit card purchases, the money you pay toward your bill will automatically go towards your cash advance balance first.
what is the maximum I can borrow. I need around 100,000.00 or would I be able to borrow from more than one lender at a time
Hi Janice,
Thank you for visiting Finder.
If you are looking to borrow around $100,000, you may apply for a personal loan from banks. The maximum loanable amount is $100,000 in which will still depend on the bank’s assessment of your financial capability. Alternatively, you may also qualify for a secured personal loan. So, check this option as well.
With regards to having multiple loans, yes you may apply for it given that you will be meeting the lender’s/ bank’s eligibility requirements.
I hope this helps.
Let us know if there is anything else that we may assist you with.
Cheers,
Ash