Dear Pegasus. Can I use a homeowner loan to pay of other debt like credit cards or personal loans? I have about £30,000 in total that I would like to consolidate in order to reduce my monthly payments. I am a homeowner but my credit history is quite poor as I lost my job last year and got behind with things. Please let me know if you think you can help before I make an application.
Hi Philip, Thanks for your question. The short answer is yes, you can use a homeowner loan for debt consolidation purposes even if you have bad credit history. As a homeowner you will be viewed in a favourable light […] read more