Families Seek ‘Bad Credit’ Loans to Save Their Homes
Families Seek ‘Bad Credit’ Loans to Save Their Homes
Struggling families weighed down by mortgage debt worries are turning to ‘bad credit loans’ to bail them out and save their homes.Growing numbers of homeowners with poor credit are seeking unsecured loans online to help solve their mortgage debt problems, reports Credit Problems No Problem (www.creditproblemsnoproblem.co.uk).
Repossessions may return to 1990s levels (Guardian Unlimited)
Government help for hard-pressed mortgage payers will fail to prevent the number of repossessions next year from returning to levels last seen in the early 1990s, according to figures released by the Council for Mortgage Lenders yesterday. The body representing UK home loan providers warned 2009 would be “a very tough year” for the housing market, with activity down by more than half on …