Possible MS idea
Apr 4, 2014 | 3:42 pm
#1
Original Poster
Join Date: Jun 2012
Posts: 140
Possible MS idea
I have a question for the board.
Suppose you have a HELOC with a Bank that allows billpay through a service like checkfreepay.com or evolvemoney.com. My particular bank is available. Does anyone know if these services allow the use of a OV card to make a billpay? You could in theory pay the HELOC, and then take money money right back out off the HELOC again since it is a revolving line of credit?
Any thoughts? I guess the only real question is whether either of those 2 services allow for the OV card?
Suppose you have a HELOC with a Bank that allows billpay through a service like checkfreepay.com or evolvemoney.com. My particular bank is available. Does anyone know if these services allow the use of a OV card to make a billpay? You could in theory pay the HELOC, and then take money money right back out off the HELOC again since it is a revolving line of credit?
Any thoughts? I guess the only real question is whether either of those 2 services allow for the OV card?
Apr 4, 2014 | 3:46 pm
#2
Join Date: Dec 2013
Posts: 3,616
I have a question for the board.
Suppose you have a HELOC with a Bank that allows billpay through a service like checkfreepay.com or evolvemoney.com. My particular bank is available. Does anyone know if these services allow the use of a OV card to make a billpay? You could in theory pay the HELOC, and then take money money right back out off the HELOC again since it is a revolving line of credit?
Any thoughts? I guess the only real question is whether either of those 2 services allow for the OV card?
Suppose you have a HELOC with a Bank that allows billpay through a service like checkfreepay.com or evolvemoney.com. My particular bank is available. Does anyone know if these services allow the use of a OV card to make a billpay? You could in theory pay the HELOC, and then take money money right back out off the HELOC again since it is a revolving line of credit?
Any thoughts? I guess the only real question is whether either of those 2 services allow for the OV card?
Apr 4, 2014 | 3:48 pm
#3
Join Date: Nov 2011
Posts: 1,945
Don't think the Heloc owner would care, it's no loss for them. Evolve might close your account because of the constant use of gift cards to pay
Apr 4, 2014 | 5:30 pm
#6
Join Date: Jan 2003
Location: California
Posts: 1,435
The HELOC bank will care if it is a manual process to process your payments. If your payments aren't being processed within the two days promised, watch out. If your payments are combined, watch out. Both are signs of manual intervention. So if you have lots of $200 Office store promo GC to burn, you might get a call from the HELOC lender to quit doing it or they might just cancel your line. Send the small GC to your mortgage so your HELOC doesn't get shut down. Save the HELOC for the occasional 500 GC you don't have time to unload via another method.
Apr 4, 2014 | 6:04 pm
#7
Join Date: Jun 2011
Posts: 161
I have a question for the board.
Suppose you have a HELOC with a Bank that allows billpay through a service like checkfreepay.com or evolvemoney.com. My particular bank is available. Does anyone know if these services allow the use of a OV card to make a billpay? You could in theory pay the HELOC, and then take money money right back out off the HELOC again since it is a revolving line of credit?
Any thoughts? I guess the only real question is whether either of those 2 services allow for the OV card?
Suppose you have a HELOC with a Bank that allows billpay through a service like checkfreepay.com or evolvemoney.com. My particular bank is available. Does anyone know if these services allow the use of a OV card to make a billpay? You could in theory pay the HELOC, and then take money money right back out off the HELOC again since it is a revolving line of credit?
Any thoughts? I guess the only real question is whether either of those 2 services allow for the OV card?