From: "Tim" 
Newsgroups: uk.finance
Subject: Re: Credit card debt advice
Date: Sun, 13 Nov 2005 12:01:48 +0000 (UTC)

"Eric Jones" wrote
> Also it is generally not a good idea to switch
> unsecured lending to secured via mortgage ...

Whyever not?
If that were true, a corollary would be that it is good to "switch secured
lending to unsecured" - ie get lots of loans & credit cards and use them to
pay off your mortgage.  Do you recommend that?

"Eric Jones" wrote
> ... - if you do not keep up repayments you could end up homeless!

But if you *do* keep them up, you will end up paying less interest!

And anyway, even if you managed to switch all your mortgage to unsecured
loans & credit cards, then you might still end up with the loan/credit card
company getting a charge put on your home if you don't pay ... and in the
meantime you'd be paying lots & lots of interest! ...