Hello NANCY!

** 06.11.19 - 21:51, NANCY BACKUS wrote to AUGUST ABOLINS:

 AA>> Any use of the card DOES trigger a registration of debt.  All you have
 AA>> to do is look at the way the credit-reporting services record it..

 NB>And that is why the credit reporting companies want you to use the
 NB>cards, so that there is a record of the fact that money has changed
 NB>hands, and that you are responsible enough that you will pay off any
 NB>presumed debt.... If one pays off the entire balance every time, it
 NB>isn't really a debt, just a deferred payment..

Drop by your favorit Equifax or equivalent.  Every "use" of a credit card  
is recorded as a debt.

We convince ourselves that "it isn't really a debt" only because the  
institutions provide a "grace period". But they don't HAVE to do that. The  
original transation is recorded as a debt transaction. And.. *that* only  
applies to purchases.  If on the other hand you draw out a "cash advance",  
interest starts calculating immediately. :(

It is very wise to make sure your payment reaches them before the due  
date. However, if you read the small print of your credit card statement  
they define the use of the card as a debt. And they reserve the right to  
expect full payment at any time.

But no matter the different way we define the transaction, it sounds like  
you have the use of it very well under control.  And that's great!


  ../|ug

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