There are concerns that the number of repossessions in the UK that stem from credit card debt rather than secured debt may start to increase, which means that many people that may have kept on top of their mortgage repayments and other secured debts could still end up losing their home because of other debts that they have defaulted in even if the debt was not a secured one such as credit cards. This is due to proposals that are set to go into consultation over the coming weeks. (more…)
Posts Tagged ‘unsecured debt’
Repossessions relating to credit card debt could increase
Friday, December 18th, 2009
£8 billion of mortgage debt paid off by UK homeowners
Monday, April 27th, 2009According to recently released figures homeowners in the UK have reduced their overall mortgage debt by an impressive £8 billion, even though the financial crisis continues and the country is plunged into recession. (more…)
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