Weird check in the mail today.

[twuoo]

I got a Wells Fargo "junk mail" check today except this check isn't junk mail. It's an official check for $1022.65. Says all I have to do is sign it at the bank and get the money. It enrolls me into a loan of sorts with an apr of 19.99% and a monthly payment of $38.

I'm just curious if this would be considered a cash advance???

It's awefully tempting to cash But I know better.

[Granny]

I received one of those back in 1995 or so from Bank One for $5,000.00. It was considered a loan, not a cash advance. I made that determination from reading the enclosed documents and the fact that it had a fixed payment. Bank One was my bank at the time, so that may have been the reason I received it.

[HHM]

I hope you know better, 19.99%