Bad debt remortgage is a method of refinancing your current mortgage for a larger amount to help you pay off or pay down some of the debt you have. Is this a good option for you? Each situation is unique, but you should consider how this type of debt consolidation could save you money. For many individuals, unsecured debts like credit card debts, personal loans and medical bills can be costly and very difficult to manage on a monthly basis. However, if you have equity in your home, you may be able to borrow against that equity to pay off the debts you have.
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