A leading charity has criticized lenders who supply secured loans to people with low credit ratings.A Citizens Advice Bureaux report said irresponsible lending decisions and aggressive arrears management by sub-prime lenders were driving the current increase in mortgage arrears, court action and repossessions.David Harker, chief executive of Citizens Advice, said: “Our research suggests that many [...]
Mortgages
Outset, Repossessions, Spokesperson
The recession is really taking its toll in the US and over here in the UK, every day more and more people are getting further and further in debt. The US and the UK housing markets are spiraling ever downward with house prices dropping on a daily level. The numbers of repossessions are increasing daily [...]
Mortgages
Repossessions, Senior Citizens, Types Of Businesses
People facing repossession as well as those in the repossession business have a lot of legal issues to deal with. The laws regarding repossession vary from state to state, making it especially important to know what can and can not be done in an instance of repossession.
Repossession in Nottingham happens when a consumer owes on [...]
repossession
Collateral, Product Purchases, Repossessions