Using a credit card to pay of 2nd charge mortgage

vapcq55
vapcq55 Posts: 4 Newbie
in Loans
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

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
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    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
    MEM62 Posts: 4,746 Forumite
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    vapcq55 wrote: »
    How else can I pay this loan whilst protecting myself if they turn out to be a scam, fraudulent?
    Thanks

    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
    Herzlos Posts: 14,683 Forumite
    First Anniversary Name Dropper First Post
    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
    foxy-stoat Posts: 6,879 Forumite
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    You will need a credit card with a money transfer option. Good lucks and report back once you have enough credit.
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
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    foxy-stoat wrote: »
    You will need a credit card with a money transfer option. Good lucks and report back once you have enough credit.

    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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