Should I consolidate when I need to remortgage

in Credit cards
2 replies 194 views
Rain1989Rain1989 Forumite
1 Post
Hi I am self employed with some credit card debts. My credit score is good and I am thinking of trying to consolidate my debts to reduce my outgoings.  The issue I have is that I need to remortgage to pay my ex out.
Should I consolidate first or remortgage?


  • eskbankereskbanker Forumite
    25.3K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Consolidation is usually bad news, even if possible, because it's effectively additional available credit, but it's difficult to generalise as much will depend on the detail, so it's probably best to discuss your circumstances with one or more mortgage brokers.
  • born_againborn_again Forumite
    10K Posts
    1,000 Posts Third Anniversary Name Dropper
    I would ask you mortgage broker. Assuming you are using one.

    But which ever you decide to do. Get rid of the cards to stop it building up again 👍

    Could also look at debt board & do statement of affairs. You will get good impartial advice.
    Life in the slow lane
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