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Yes, it is possible to pay off a personal loan with a credit card, but it may not be advisable due to the high interest rates associated with credit card debt.

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5mo ago

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Pay a personal loan off with a credit card?

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.


How can I use a credit card to pay off a loan?

You can use a credit card to pay off a loan by transferring the loan balance to your credit card or using your credit card to make payments towards the loan. Be aware of any fees or interest rates associated with using a credit card for this purpose.


Will a credit score be better or worse if you take out an unsecured personal loan to pay off credit card debt?

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.


Is it better to open a new credit card or get a small personal loan?

a small personal loan, as you have set manageable repayments, cant respsnd once paid off (avoids negative equity) and boosts credit rating when paid off a small personal loan, as you have set manageable repayments, cant respsnd once paid off (avoids negative equity) and boosts credit rating when paid off


Can you get a loan with debit card?

A loan off of debit card like credit card cash advance? Yes


How does it affect your credit if you pay a personal loan off early?

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


Can you pay a payday loan 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.


Can you pay off your loan with a credit card?

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.


How can I use my credit card to pay off my car loan?

You can't directly use a credit card to pay off a car loan. However, you can use a balance transfer credit card to transfer the car loan balance to the card, but this may come with fees and high interest rates. It's important to carefully consider the implications before making this decision.


If you paid personal loans and credit card with an unsecured loan does it affect credit score?

Yes, paying off personal loans and credit cards with an unsecured loan can affect your credit score. Initially, it may lower your score due to the hard inquiry from the new loan and a potential increase in your credit utilization ratio if you close the credit accounts. However, over time, if you manage the new loan responsibly and reduce your overall debt, it can positively impact your credit score by improving your payment history and lowering your credit utilization.


Is there a loan that pays off credit?

Personal loans can be used for any purpose.


Should You Take Out a Loan to Pay Off Credit Card Debt?

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.