Monday, December 12, 2011

How do banks go about accepting credit card checks for a loan payment?

Will they take a credit card check for a loan payment?|||If the loan and the credit card were issued by the same bank, e.g., you used a Wells Fargo credit-card check to pay on a Wells Fargo car loan, then the answer is probably no. I don't know any credit-card issuer that would accept its own credit-card checks for payment on anything. You always have the option of depositing the credit-card check in your bank account, then issuing a personal check to pay on the loan.|||YOU can pay your loan any way you can the banks don't care its you who will have a high interest rate but if that is the only you can pay it this month then do it. Also if you cant make a loan payment for a month if you call the bank and you have always been on time they will defer it and add it to the end of your loan. hope this helps .|||sure they love those checks.





don't do it. you are better off not making loan payment.|||Sure. They do not care it is costing 30% interest to pay down a 6% loan

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