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I was planning on using my credit card to make my car payment because of a recent money shortfall that will be repaired next month. I just got online to make it though and it won’t accept credit cards, only bank accounts. Is there any way I could use an atm or something to take out the money from my credit card and then deposit it into my account? Or can I make the payment directly through the dealership since I used their financing company? Please help me I’m panicking so bad right now

5 Thoughts on I’m panicking. Car payment please help me?
  1. Reply
    August 2, 2011 at 11:20 pm

    Is it just one payment or are you backed up? If its just one accept the late fee and move on.

  2. Reply
    August 2, 2011 at 11:29 pm

    cant you withdraw money from your debit card just like an atm? and just put it into the back account. my creditcard lets me do that

  3. Reply
    dry boogers
    August 2, 2011 at 11:31 pm

    1. go to your bank in the morning.
    2. deposit money from credit card into bank account.
    3. ask bank to wire transfer the money straight to your auto loan account.
    4. relax.

  4. Reply
    stan c
    August 2, 2011 at 11:35 pm

    If you made 12 payments on time, you might be able to get a 2 month deferment. Tell them you need it due to medical expenses not covered by your health insurance

  5. Reply
    Let me steer you
    August 3, 2011 at 12:34 am

    You are correct. You cannot pay a loan by taking out another loan. When you use a credit card to make a loan payment, that’s what you are attempting to do. You would need to get a cash advance from the credit card (although there is a fee and the interest rates are much higher on cash balances) and use the money to make the car payment. That’s a very expensive way to make that payment, but you have to do what you have to do.

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