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1m UK Borrowers Using Credit Cards for Mortgages 

Jan 11, 2010By

More than 1m borrowers in the United Kingdom are exchanging mortgage debt for plastic, according to a recent poll by housing charity Shelter England. Survey results published Monday revealed 6% of respondents liable for rent or mortgage said they paid by credit card at some point in the last 12 months, indicating a national figure of more than 1m, Shelter said.

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