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payment holidays and credit rating
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mpazza
Posts: 137 Forumite
Thinking of overpaying my C&G mortgage with a lump sum from 0% stoozing fund then divert my monthly payments to high interest to pay off some of the balances at the end of period instead of paying mortgage.
Read on C&G literature that even though payment holidays are allowed until overpayment used up it may affect credit rating if lenders see no money being paid off mortgage every month.
Any one any experience views on this?
Read on C&G literature that even though payment holidays are allowed until overpayment used up it may affect credit rating if lenders see no money being paid off mortgage every month.
Any one any experience views on this?
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Sorry, but I am personally very sceptical on any use of Credit cards for paying a mortgage unless if it is only once to cover a month of short money supply and then never again.0
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