📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

remortgage or continue paying cards?

30,000 of debt do I put on mortgage or keep it separate don't know what to do!!

Comments

  • Tixy
    Tixy Posts: 31,455 Forumite
    In general people are advised not to turn unsecured debt into secured debt, as they place their home as a greater risk should they have a change in their financial circumstances/lose their income for any reason.

    Without you giving us more information about your situation it would be very hard for anyone to give any more guidance than that.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • GeorgieFTB
    GeorgieFTB Posts: 437 Forumite
    Tixy is right, if you want proper thought out advice from the peeps on here you will need to lay it all out for us, ugly but nessesary, http://www.makesenseofcards.co.uk has a SOA, statement of affairs, once that is posted we can advise you much better.

    Gx
    Mortgage at 08/10/10: 110k:eek:
    Current Mortgage:... £109,200 :eek:
    OPs 2011: 100.50/4000
    Current MFD: 02/10/45 :shocked: (will be 63!!!)

    Make a payment a week challenge TW 100/123.79
  • NeverAgain_2
    NeverAgain_2 Posts: 1,796 Forumite
    I agree more info is required, particularly the length of time over which the extra £30K is to be repaid.
  • I made the mistake of doing this the first time I got into debt.....ended up running the cards back up again as I still continued to use them as I'd not set myself a realistic budget and never had enough each month...I'd definately avoid consolidating onto your mortgage
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.5K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.