Tuesday, 15 March 2011

Should I use my credit card to pay off my mortgage? | This is Money

Should I use my credit card to pay off my mortgage? | This is Money

I'm a bit short on money at the moment. Should I use my credit card to pay off my mortgage? S.L

Tara Evans from This is Money, replies: If you are thinking about using your credit card to pay your mortgage then there is probably a more serious debt issue you need to deal with.
We spoke to Jayne Chichester, of the Council of Mortgage Lenders, who said: 'Mortgages tend to be the cheapest form of credit available and there would be very few occasions where we would recommend a borrower pays their mortgage payments with any other form of credit including credit cards.

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