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[Source: The Money Blogs]
Thursday, March 27, 2008
Reader Question: Can Unpaid Credit Card Debt Be Added To My Mortgage?
"Marcia" from Texas contacted me because she was considering entering a debt settlement program (with a company I&39;d never heard of) to negotiate payment on the substantial debt she owed. But therepresentative warned her that since one of her larger credit card balances was with thesame company that held her mortgage, she should leave it out of the program.Otherwise, the creditor could add her unpaid credit card debt to her mortgage loan. "Is that true?" she wondered.
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