Summary
CREDIT card and other loan debt could lead to repossession even when homeowners have not missed a single mortgage payment.
There is growing evidence that aggressive lenders are using a littleknown law to convert unsecured borrowing into debt secured against the home.See the full content of this document
Extract
Card Debt Could Cost Your Home ; Moneymail: Borrow It
Last week the sudden rise in repossessions prompted the Financial Services Authority, the City watchdog, to issue a warning to lenders over their be...
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