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Credit card balance add to mortgage?
VodkaRedBull
Posts: 3 Newbie
in Credit cards
Have a credit card balance of £3,400 can I add it to my mortgage and close credit card account down?
0
Comments
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What did your mortgage lender say?0
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not been yet as it will surely be another hard search on credit, thought I would come to the best place for advice before I ask or not, thanks for reply tho, what you think I should do?Deleted_User wrote: »What did your mortgage lender say?0 -
You need to work that out for yourself. Normally people are not encouraged to turn unsecured debt into secured debt - as it puts your house at risk. Generally for what is a relatively low level of debt the best way would be to go for a 0% balance transfer card and pay it off as soon as possible.0
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Don't just get any 0% balance transfer card, look for a card that also has 0% fee0
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I don't see any mortgage lender agreeing to lend such a small sum on a mortgage - the actual cost to them setting it up is not worth their while.0
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Could you get a 0% card and do a balance transfer
£3.4k isn't that big a debt (if that's all you owe of course)0
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