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Sep 28, 2017 - 34 minute read

Skokie cash jewelry and loan skokie il

In 2014, after receiving numerous complaints about the fees related to their cash advances, many major skokie cash jewelry and loan skokie il discontinued this practice. Do Cash Advances Hurt Your Credit Score. Taking out a cash advance has no direct impact on your credit or credit score, but it can affect it indirectly in various ways. First, if you take the advance using a credit card, it will raise your outstanding balance, which will raise your credit utilization ratio, a measure that credit scoring models use to calculate your score.

For example, if you owe 500 on a 1,500 limit card, then your credit utilization ratio is only 30. However, if you take out a 300 cash advance on that card, then the balance will jump to 800, resulting in a credit utilization of over 53.

Skokie cash jewelry and loan skokie il

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Skokie cash jewelry and loan skokie il

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