You Can Save Your Home: How To Avoid Possession Orders Turning Into Eviction
There are many companies who are experts in remortgaging for people who have credit problems, including mortgage arrears and imminent repossession. They get hundreds of calls every week from customers who face circumstances that to them seem dire many even face the threat of eviction.
In almost every case, theyre able to help them keep their homes and set up a new mortgage with a repayment plan that will suit them.
Debt can be a very difficult thing to deal with. Often, one or two missed payments can start a downward spiral that becomes increasingly difficult to stop.
A common factor seems to be that repayments on borrowings (usually on unsecured loans, retail finance and credit cards) start to outweigh the amount needed for basic costs with the result that you have to borrow more money just to take care of your basic needs.
Its a snowball effect that goes from one or two missed credit card payments to missed mortgage payments. With the monthly mortgage payment usually the largest single outgoing for most people the temptation to miss one payment to try and...