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Originally Posted by TwitchKitty
Point out a contradiction, if I made an error I will correct it. I don't think that you can because I think you are just arguing a position and are happy to lie to do it.
You make a good point about the loan approval with outstanding debt. When you call CS to check on your approval and they say you are denied due to outstanding debt you must tell them that you are using the new loan to pay off the old debt.
And of course you have to watch for hidden fees but this is with any business, any loan, etc.
The perils of using credit cards also applies to any purchase with credit cards and not just a deal like this. This is where the puppies get trampled by the big dogs. If you don't have the discipline to work the system without self-destructing, get back under the porch.
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The bank doesn't care, all they know is that some turkey has taken a cash advance on credit cards to buy a home and the credit card debt is still outstanding. If they would be willing to give a hel to pay off credit card cash advances then they would fall over to give a staight out mortgage. When you buy a washing machine with a credit card you don't stand to risk total financial ruin if you make a late payment, on the other hand, missing a payment on 50k worth of cash advances will make you feel sorry you didn't get juiced by a loan shark.
Financial discipline means not taking a risk that a bank wouldn't take.
Btw, I can't get under the porch, I don't fit.