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Submitting Credit Card Payments to Payday Loan?

Can a payday lending company accept credit card payments to refinance a loan?


If they are set up to accept the payments, certainly. Some banks have accepted credit card payments as loan payments. The companies, Visa and MasterCard as examples, can impose restrictions and fees for this, so it may not be that every lender does this. You'd have to research those rules with the vendor.

Published on BankingQuestions.com 11/24/10