Can Loans Be Paid back with a credit card?

+1 vote
asked Jul 20, 2017 in Credit by Zebra50 (210 points)
Can loans be paid back with a credit card? I need to pay a loan back but only have the money on a credit card.

Will the loan company accept a credit card for repayment of the loan?

1 Answer

0 votes
answered Jul 20, 2017 by Serenbat (350 points)
The loan companies most likely do accept credit cards. But if possible I'd go to an ATM or your bank and get the money out that way and pay them cash.

You'll have some ATM fees or bank fees but it'd be better to just pay cash. As the loan company might charge you more for using a credit card.

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