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Can you pay off your loan with a credit card?

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2010-02-21 09:06:05
2010-02-21 09:06:05

Not directly, but you can take a cash advance from a credit card to pay off the loan. However, that probably is a bad idea, since the cash advance charge and the credit card interest most likely would exceed what you owe for the loan.

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Related Questions


No, you cannot. They will not allow you to pay it off with a credit card.


Only a few payday loan companies allow you to pay off your loan with a credit card. Most required payment of the loan with a debit card or check.


If you get a loan, pay off credit cards and keep the loan payments current until it is paid off. Your CR will be pretty darn good.


I doubt it ! Banks will rarely loan a customer money to pay of their own credit card ! An application is likely to flag you up as a bad debtor !


There are many ways to pay off student credit card debt. Some of the ways to pay off credit card debt are borrow against life insurance, get a home equity loan, renegotiate the term with a creditor and many more.


It doesn't hurt your credit to pay off a loan early.


Credit Card Pay off Use this calculator to see what it will take to pay off your credit card balance, and what you can change to meet your repayment goals.


All you can know about personal loan from this site. http://personal-loan-info.freehostia.com/ It will help you a lot as it helped me.


Securing a loan to pay off a credit card debt is not generally a good idea. However, if the interest rate on the loan is lower than the credit card rate it may be a good thing to do. Online lenders usually do not offer a rate lower than credit cards, so one's bank may be the only place to find a loan with a lower rate.


In principle you can; you can get a cash advance from a credit card and use that to pay off the bank account, the problem is that the interest from the credit card is likely to be higher than the bank charges. It's probably best to try and arrange a loan with the bank.


can u get a grant to pay off credit card dept


start building your credit, get a department store credit card, like a target card, buy stuff then pay it off the next day.


If you have a large amount of credit card debt, taking out a personal loan to pay it off may seem like an appealing idea. There are some serious considerations that you should think about before making a decision like this. First, make sure that the interest rate on your loan will be lower than what you are currently paying on your credit card so that you'll realize savings as you pay off your debt. Even more importantly, if you plan to take out a second loan to pay off existing debt you must be willing to stop using your credit card or you'll only end up with a larger amount of debt than what you started with.


The danger of taking out a loan to pay down credit card debt is that one may then be inclined to borrow more on the credit card. However, if the loan is at a lower interest rate than that on the credit card debt, and more debt is not incurred, it would be a good idea.


Live within your means. The simple rule is don't buy more than you can pay for. If you take out a loan, and a credit card can be a type of loan, make sure all your payments are made on time. If you pay off the credit card every month, you will develop a good credit rating.



As much and as fast as possible. NOT ANOTHER CREDIT CARD! pay as much as you can over the minimum. Try to negotiate the interest rate. If high, get a bank loan at a lower rate to pay off the cerdit card. cut up the card. or freeze it in a block of water. then by the time it is thawed, you will be sensible about buying.


No. No money means you can not pay for it . A credit card is a loan from a bank with a high interest rate.


A credit card pay off is an application one would use to estimate the time and payments required to pay off their existing credit card. One could easily acces this information from any financial institution.


If you are referring to the monthly payments you make for a certain period in connection to a credit card loan, it is called monthly amortization.


PAY YOUR F-ING BILLS! If you have no credit>> Get a credit card, car loan, or any type on loan AND PAY IT! coming from a person w/ an 798 score!


Get a credit card, small loan, car loan... You need to get something that reports to the credit beauros. They will decide when you pay or dont pay to give you a score.


If you co-signed a car loan you can't take your name off the loan. If you co-sign for someone with no credit or poor credit you are promising to pay off the loan if they don't. The only way to get your name off the loan is to pay it off or have the borrower refinance the loan in their own name.


Jennifer Lopez is American. Her Ethnicity is Puerto Rican.


Most payday loan companies will not accept payment from a credit or debit card. They will require you to go to an ATM and withdraw cash in order to pay off the loan.



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