Credit Card Relief Program and Existing Mortgage
Hi all,
Thank you in advance for any comments or advice given.
I currently have a mortgage, with renewal taking place in May 2027.
I have approx $27000 in debt which I am working to pay off currently. Thinking of enrolling in Amex relief program, which pauses the ability to spend on the card while lowering interest rate to help me pay off the remaining balance.
If I enrol in this program, will it affect my mortgage renewal next year? By time of renewal, I would’ve been able to pay a healthy chunk of the owing balance.
Please let me know your thoughts before I enrol.
Thank you!!