A little more color on the recent Shelter England research that shows more borrowers are putting their mortgage payments on credit. From the article: Homeowners who make their mortgage payments on a credit card have been advised against doing so by one expert as he states that it could lead to them losing their home. Chris Jenkins, co-owner of the Homeowners Advice Centre, says that while some people may believe that paying their mortgage by any means possible is guarding against repossession, the fact is that eventually this credit will run out.
Paying mortgage on credit card ‘could lead people to lose their home’
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