loans with a mortgage

wizard3891

how many of you have got a loan on top of your mortgage to pay off all your debt??

frugglewump

Nope.

I refuse to do that - most people on here would advise the same.

jaja_3

We did. Thats one of the reasons we are here now:o

Certainly would not advise it.

jaja

wizard3891

yeah thought so. just wondered how many people have gone down that "one account" road.

think ill carry on snowballing our debts

jaja_3

There is some good advice on the 'one account' on Martins mortgage advice, I thought about it too until I read that, not for us.

jaja

Hoopylass

I took out a small loan wth my mortagage, mainly to furnish my flat as i had nothing! Prob wouldnt advise it for a large amount of money tho

spinningtop_3

Yep, I did this. And then I spent on the cards again. And now I'm here, about to go on a debt management plan. And I have so much debt that I'm too ashamed as yet to put it on my signature.

Be careful

thorpe1

im ashamed to say that i have two loans but very pleased to say that i have never used my cards or overdraft since taking the second loan out, i have actually cancelled all available credit. never slip again debt free early 2011 ooops!!!!

kevin_M

never for me...
its to easy of a way out