Can you use a prepaid credit card to make a payment on a credit card?

Tips and Deals Forums Consumer Credit Credit Cards Can you use a prepaid credit card to make a payment on a credit card?

This topic contains 21 replies, has 2 voices, and was last updated by  Anonymous 8 years, 2 months ago.

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  • #210192

    Anonymous

    I have a sams club discover card and you can make payments inside of sams club. I recently got one of those $25 dollar prepaid visa cards as a gift. Can I use it to make a payment on the discover card.

  • #324724

    Anonymous

    That really depends on where you live…and whether or not you have a mortgage or own your house outright.

  • #445868

    Anonymous

    That really depends on where you live…and whether or not you have a mortgage or own your house outright.

  • #324725

    Anonymous

    It is not a law per say. However the lender who holds the lien on your house may require that you carry insurance. If you currently obtained your loan the Truth & Lending Doc will have a box marked to indicate if the insurance is in fact manditory.

  • #445869

    Anonymous

    It is not a law per say. However the lender who holds the lien on your house may require that you carry insurance. If you currently obtained your loan the Truth & Lending Doc will have a box marked to indicate if the insurance is in fact manditory.

  • #324726

    Anonymous

    I am not sure, but i think no. But to be sure, check out this site. It will give you details on home insurance.

  • #445870

    Anonymous

    I am not sure, but i think no. But to be sure, check out this site. It will give you details on home insurance.

  • #324727

    Anonymous

    No. But, if you have a mortgage, the bank will require you to carry insurance. If you do not, the bank will buy insurance then charge the premiums back to you.

  • #445871

    Anonymous

    No. But, if you have a mortgage, the bank will require you to carry insurance. If you do not, the bank will buy insurance then charge the premiums back to you.

  • #324728

    Anonymous

    The above answer is correct in indicating that it is not a law. HOWEVER, if you have a mortgage your lender will require coverage, and if you are in a High Risk Flood Zone it is MANDATORY that your lender require you to carry Flood Insurance.

    Also, even if you own your home outright I would recommend that you carry insurance on your home. For most people their home is their biggest investment, you’d hate to lose it due to an unforeseen event! Fire, Flood, Hurricane, Water Damage etc…

  • #445872

    Anonymous

    The above answer is correct in indicating that it is not a law. HOWEVER, if you have a mortgage your lender will require coverage, and if you are in a High Risk Flood Zone it is MANDATORY that your lender require you to carry Flood Insurance.

    Also, even if you own your home outright I would recommend that you carry insurance on your home. For most people their home is their biggest investment, you’d hate to lose it due to an unforeseen event! Fire, Flood, Hurricane, Water Damage etc…

  • #324729

    Anonymous

    You’d be an idiot no to. Lender may require it in order to approve the mortgage. If someone slips and falss – you’ll have to pay out of your pocket. If house burns down – nothing gets replaced, etc

  • #445873

    Anonymous

    You’d be an idiot no to. Lender may require it in order to approve the mortgage. If someone slips and falss – you’ll have to pay out of your pocket. If house burns down – nothing gets replaced, etc

  • #324730

    Anonymous

    There is no legal requirement to do so. Lenders will require it so if there is a total loss the loan will be paid off with insurance money.
    Not insuring your home, however, is probally the stupidest thing you can do if own a home outright. Your home is most likely your biggest asset and that fact alone should be enough to insure it. There are many perks to having a homeowners policy. One of which is that it will cover your possesions. You may not think that your stuff is worth mutch, but it doesn’t matter. Most homeowner’s policies cover (or have an endorsement that will cover) contents with replacement cost. Your TV may be old and your couch is a piece of junk….but what would it cost to buy a new one of similar make and model? Another bonus of homeowner’s insurance is the liability that is included in the policy. If someone breaks an ankle on your porch or slips and falls down your stairs….you pay. And if you have no money, the first thing to go is your possesions.

  • #445874

    Anonymous

    There is no legal requirement to do so. Lenders will require it so if there is a total loss the loan will be paid off with insurance money.
    Not insuring your home, however, is probally the stupidest thing you can do if own a home outright. Your home is most likely your biggest asset and that fact alone should be enough to insure it. There are many perks to having a homeowners policy. One of which is that it will cover your possesions. You may not think that your stuff is worth mutch, but it doesn’t matter. Most homeowner’s policies cover (or have an endorsement that will cover) contents with replacement cost. Your TV may be old and your couch is a piece of junk….but what would it cost to buy a new one of similar make and model? Another bonus of homeowner’s insurance is the liability that is included in the policy. If someone breaks an ankle on your porch or slips and falls down your stairs….you pay. And if you have no money, the first thing to go is your possesions.

  • #324731

    Anonymous

    If you have the home financed, your lender will require that you insure the home, or they will find buy insurance and charge you for it. And it is expensive.

    But there is no law that requires a home to be insured.

    However, common sense will require that the home is insured.

  • #445875

    Anonymous

    If you have the home financed, your lender will require that you insure the home, or they will find buy insurance and charge you for it. And it is expensive.

    But there is no law that requires a home to be insured.

    However, common sense will require that the home is insured.

  • #324732

    Anonymous

    loan processor with no name —has it correct…..

    but also remember – if it is a townhouse or condo…you will need condo insurance…because if the complex has a fire or damages….the condo assoc will access a certain % of damages to all the residents within that area…so you really need insurance.

    remember insurance is not just fire, flood etc…it is also liability…if someone is hurt on your property.

    good luck

  • #445876

    Anonymous

    loan processor with no name —has it correct…..

    but also remember – if it is a townhouse or condo…you will need condo insurance…because if the complex has a fire or damages….the condo assoc will access a certain % of damages to all the residents within that area…so you really need insurance.

    remember insurance is not just fire, flood etc…it is also liability…if someone is hurt on your property.

    good luck

  • #324733

    Anonymous

    please try this
    help!

  • #445877

    Anonymous

    please try this
    help!

  • #290938

    Anonymous

    Yes you can.

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