One of the easiest ways to obtain credit is by mortgaging the property you own. This can be risky and dangerous if you are not confident about your plan of action in the future. The sad news is that all debts are considered no matter what. It should be understood very clearly that if your debt to credit proportion is less the figure of thirty per cent then you may be looked upon sympathetically by the bank. There is a difference between short term and long term debt as the former has a 6 months span and the latter has a debt of twelve months.