credit card with bank holding mortgage?

brokeone

Member

Bankruptcy Newbie

Joined: Jan 2005

Posts: 60
#1

credit card with bank holding mortgage?

10-08-2005, 07:14 AM

Hello again,
Now,while still in panic mode I learn that wife's credit card was issued by same bank that holds mortgage.How will this affect our mortgage when the bank sees that we're paying the mortgage but can't pay the credit card any longer due to the coming interest rate hike?Right now we're in good standing with everything because we've always paid everybody.Please give me your thoughts when you find the time.Thanks.
brokeone
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StaciMM

Senior Member

Bankruptcy Mentor

Joined: Sep 2005

Posts: 3182

State: Georgia
#2

10-08-2005, 10:25 AM

Most likely it won't be an issue. The house is securing the mortgage, the credit card is unsecured.

Most of my information is from personal experience or HOURS and HOURS of online research. When you're searching online, keep in mind there is no guarantee that the info is completely up to date, and your situation is unique from anyone else's. Do your homework, and consult with an attorney so you can make an informed decision.
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brokeone

Member

Bankruptcy Newbie

Joined: Jan 2005

Posts: 60
#3

10-08-2005, 12:17 PM

Thank you StaciMM.I really don't want to even think about losing my house.

brokeone
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