Paying Your Mortgage With Your Credit Card: Worst Idea Ever?

One of the growing trends in personal finances right now is making your credit card payments before making your mortgage payment. This is a worrying trend, since it is important to make sure that your mortgage is paid. And, while credit card companies often loudly demand payment, the bottom line is that there are protections that you have against them, under the Fair Debt Collection Practices Act (FDCPA), and you should really focus on keeping your home.
But maybe, just maybe the reason that folks are paying of their credit cards first is so that they can put their mortgage payments …read more