Protect And Improve Credit Rating

by Jack from Oregon, USA

Regarding Protect And Improve Credit Rating: Everyone agrees paying your bills on time will improve your credit rating, right? But what would you do if it came down to choosing between the mortgage and credit card debt? Read the following question from Jack and my answer! Kate

Hi Kate, Can you tell me what happens if someone never becomes delinquent on monthly mortgage payments but stops paying high interest credit card loans? Jack

Kate Answers: Protect And Improve Credit Rating

Hi Jack, It is smart to pay your mortgage first to protect and improve your credit rating. Then pay your credit cards. Credit card debt is generally not a lien on your house. This can vary so contact your credit card company for clarification.


Now here's what I would do. I'd pay my mortgage every month without fail. Then I'd make minimum payment on my credit cards. This way, my mortgage rating will not suffer, I would avoid foreclosure and keep my house and credit cards.

But what if I could not maintain minimum-only payments on my credit card debt? I'd ask the credit card company if they could negotiate a deal with me to make my minimum payments more affordable.

By the way, don't miss this special report with 9 tips to prevent foreclosure. It presents tons of applicable help that you can apply to cutting a deal with your credit card company as well.

Warning! Negotiating a deal with the credit card company could have an adverse affect on your credit rating in general. It is recommended to consult an attorney for advice concerning credit.

Jack, I hope you'll come back to my website Get Your Best Mortgage Rate again in the future. Of course, all of my information is free.

So remember to bookmark Get Your Best Mortgage Rate to your favorites and visit it often for up-to-date homeowner tips, news and advice. You can also invite friends to comment on this page or contribute to one of their own.

Best Wishes,




PS What if you could turn YOUR dreams into reality? Now you can. This is MY story of dreams coming true.

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You can also ask Kate about your mortgage at How to Improve Your Credit Rating with Amazing Success.

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