Growing Use of Credit Cards to Make Mortgage Payment

Posted on October 25, 2005 by Kevin Chern Esq.
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This probably will not come as much of a shock to many of you who read this blog - I've been writing about the hardships of the consumer for months now. A recent study compiled from mortgage data states that:

"As the cost of living rises and wages stagnate, borrowers are increasingly turning to credit cards to pay their monthly mortgage payment, a new study by a consumer advocacy group says."

Read the full report here: Mortgage Daily - You'll need to register first.

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