May 15, 2011

Trade Your Gift Cards in to Pay Your Mortgage!

Turning gift cards into mortgage payments

The Tech Chronicles, SFGate
Posted By:
Ellen Lee (Email) | May 11 2011 at 04:50 PM

Consumers with gift cards to spare will soon be able to use them to pay their utility, car and mortgage bills.

Plastic Jungle, a website where consumers can buy and sell gift cards, announced today it had partnered with ChargeSmart, an online bill payment service.

Wow, this is even better than gathering up all the pennies in my couch cushions to make the monthly nut!  I tell you I’ve been carrying around this stupid Jamba Juice card like forever.

So this is something that could work, trade in those useless birthday and holiday gift cards to pay to keep a roof over your head while your home value may make some adjustments.

And in case you think this means times are tough, don’t be silly!  This is innovative, just like the return of seller financing!  If the government won’t help, the free market will provide… um… something.

This is an open thread, but then again, al of them are.  Seen any good Open Houses?

Comments (3) -- Posted by: madhaus @ 5:35 am

3 Responses to “Trade Your Gift Cards in to Pay Your Mortgage!”

  1. www.finddaytonohiohomes.com Says:

    Now that being thrifty. I often wonder how profitable the gift card industry. We all leave money on those card and it all eventually goes back to the issuer.

  2. Alex Says:

    I’ll buy some gift cards for 60% on the dollar. And I’m being generous. You can use the cash for more important things than paying the mortgages: booze, drugs, and hookers.

  3. The Gilroy Alex Says:

    You *are* being generous. The standard rate for Food Stamps is 50c on the dollar. Back in the days of paper stamps, it was easy. These days, apparently it’s some deal with a crooked store owner, the buyer buys say $100 worth of booze and cigs and porno mags etc., then is charged $200 on their EBT card – Another card! Maybe this company can work out some scam where you can pay your mortgage on your food stamp card lol


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