I Can Pay My Mortgage But Cannot Pay My C/cards And Loan

[Salas]

I can pay my Mortgage but cannot pay my unsecured loan and creditcards. Can they still take my house from me ?

[Haggisdj]

I was in your siruation a few years ago. Keep paying your mortgage, make an offer to the loan people and go to Aitizens Advice. They turned my unsecured loan into a secured loan via a County Court judgement...

[Barmaid]

Unless they obtain a charging order they cannot take your house. I would come to an arrangement with them. The alternative they have is bankruptcy, but then they are unlikely to receive their loan in full.

[ubasses]

You do not say what your over all financial situation is but your Mortgage should be your priority as your house could be at stake. If you still have a job and salary coming in and have short term problem, speak to the Mortgage Company they may be able to help by putting you on interest only for a short period, freeing up cash each month to enable you to pay the others off, either extending the years or making overpayments to catch up in the future. If you qualify maybe get an equity release to repay the other debts in full. As the amount owed would then be spread over a longer period at a lower rate of interest the increased mortgage may be affordable. If you have more severe or longer term problems an appointment with the CAB would be a good starting point as they can often negotiate with the loan and credit card to take lower payments and in extreme cases maybe get interest suspended.