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boatwench

Rob the mortgage to pay Credit cards?

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I was told by my brother-in-law that if I want to reduce my mortgage just miss a payment or 2. Then the banks would be happy to deal with me in lowering my payment, mortgage or both. Although this sounds like really bad advise to me somehow in this mixed up world I think his right & it will work. He also states it will only knock down my credit score for approx one year or less. I know this is morally wrong as well but so is the credit card companies rasing my rates because I am not using my cards & am making double the min payment!?!! So do I do unto others as I have been done too by others? Two wrongs don't make a right, but one wrong (CC cos) are making it diffecult to keep ahead & keep the others paying right!! If your lost, so am I. Where do we go from here? Cheat the housing dept to pay the credit card dept? & the big one WILL THIS WORK? help!!

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Your brother's an idiot, I'm afraid. How does he know *your* bank will be "happy to deal with" you? Have you looked into refinancing elsewhere if your bank won't? I also gather you haven't been successful in talking with the credit card companies or a credit counselor.

No one here can tell you what to do and no one can tell you that your bank will do anything but start foreclosure proceedings.

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