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  • FIRST POST
    • vapcq55
    • By vapcq55 16th May 18, 4:22 PM
    • 4Posts
    • 0Thanks
    vapcq55
    Using a credit card to pay of 2nd charge mortgage
    • #1
    • 16th May 18, 4:22 PM
    Using a credit card to pay of 2nd charge mortgage 16th May 18 at 4:22 PM
    Hi


    I want to pay of a 2nd charge mortgage. WhilstI could transfer the sum to the company's bank account, I want to protect my money - as the Loan company whilst regulated by the FCA is owned by at least one other company, ie not a high street company. My plan was to pay most using my credit card and then pay this off, however the loan company won't take credit card.


    How else can I pay this loan whilst protecting myself if they turn out to be a scam, fraudulent?


    Thanks
Page 1
    • zx81
    • By zx81 16th May 18, 4:42 PM
    • 16,839 Posts
    • 17,852 Thanks
    zx81
    • #2
    • 16th May 18, 4:42 PM
    • #2
    • 16th May 18, 4:42 PM
    If you have a mortgage with them, why do you think they are a scam?

    If you send payment to their account details, the job's done.
    • MEM62
    • By MEM62 17th May 18, 1:21 PM
    • 1,575 Posts
    • 1,196 Thanks
    MEM62
    • #3
    • 17th May 18, 1:21 PM
    • #3
    • 17th May 18, 1:21 PM
    How else can I pay this loan whilst protecting myself if they turn out to be a scam, fraudulent?
    Thanks
    Originally posted by vapcq55
    They have a charge on your house. It's too late to worry about it being a scam. That thought process needed to take place before you borrowed the money.
    • Herzlos
    • By Herzlos 17th May 18, 4:20 PM
    • 7,241 Posts
    • 6,508 Thanks
    Herzlos
    • #4
    • 17th May 18, 4:20 PM
    • #4
    • 17th May 18, 4:20 PM
    What are you trying to protect against? You're not buying anything, so S75 won't cover you.


    The only thing I can think of is them claiming you didn't pay them fully, but you'd be able to prove that with any receipt or bank statement.
    • foxy-stoat
    • By foxy-stoat 18th May 18, 3:28 PM
    • 1,682 Posts
    • 907 Thanks
    foxy-stoat
    • #5
    • 18th May 18, 3:28 PM
    • #5
    • 18th May 18, 3:28 PM
    You will need a credit card with a money transfer option. Good lucks and report back once you have enough credit.
    • Pixie5740
    • By Pixie5740 19th May 18, 11:18 AM
    • 12,114 Posts
    • 17,058 Thanks
    Pixie5740
    • #6
    • 19th May 18, 11:18 AM
    • #6
    • 19th May 18, 11:18 AM
    You will need a credit card with a money transfer option. Good lucks and report back once you have enough credit.
    Originally posted by foxy-stoat
    That won't help the OP. The OP wants to use a credit card to "protect" his (or her) money rather than just transferring the money from his current account. As the loan company won't accept credit card payments it's moot.
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