Hi there,
I put this in the LOS section, because from posts on Money Make Over there are more and more people posting about their CC/ non secure loan debt as opposed to mortgage debt.
Does it not annoy anyone? As I am starting to get a wee bit frustrated about people posting because they have 50K debt, a big mortgage and living expenses.... Did these posters not apply common sence? Did they really think another credid card will solve their problems....
Then there is a suggestion - go to bank and see if the OP can go interest only on the mortgage, if I was the bank manager who the mortgage was with - I would say no.. The mortgage is not your problem it is the fact that you have racked up a debt of 50k in loans!!
I completly understand that people fall on hard times and yes, the CC is used and there can be problems down the line paying this off, my rant is not about these posters.. Hard times are hard times and my heart goes out to those posters...
P...
I put this in the LOS section, because from posts on Money Make Over there are more and more people posting about their CC/ non secure loan debt as opposed to mortgage debt.
Does it not annoy anyone? As I am starting to get a wee bit frustrated about people posting because they have 50K debt, a big mortgage and living expenses.... Did these posters not apply common sence? Did they really think another credid card will solve their problems....
Then there is a suggestion - go to bank and see if the OP can go interest only on the mortgage, if I was the bank manager who the mortgage was with - I would say no.. The mortgage is not your problem it is the fact that you have racked up a debt of 50k in loans!!
I completly understand that people fall on hard times and yes, the CC is used and there can be problems down the line paying this off, my rant is not about these posters.. Hard times are hard times and my heart goes out to those posters...
P...