Using more debt or credit cards to pay back a mortgage

Tuesday, March 15, 2016

Doug Constable: In this episode of Doug on Debt: we talk about what happens when you borrow money to pay debts. Alot of people in Australia buy their dream home not ever thinking about what would happen if they couldn't pay their mortgage. But rather than offer you hardship facilities, some banks actually offer you more debt! This is on top of already rising late fee's and later, legal fee's if the repayments fall behind even more. Before you fall into the trap of paying debt with debt (or credit); maybe seek other alternatives to get back on top.

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