After reports last week that over 1 million UK homeowners have used a credit card to make mortgage payments, we weren’t the only ones to raise concerns. Co-owner of the Homeowners Advice Centre, Chris Jenkins has made it clear that using plastic to stop repossession is a losing battle as unless you take action to change your situation, your credit will run out and repossession will still be a possibility.
The stats on this were released by housing charity Shelter which are urging people not to go down this road as in the long term, paying a mortgage by credit card can only leave you with even more debt and more financial problems.

