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Wednesday 3rd December 2008 Make us your HOME PAGE  What is RSS?
 
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ARTICLE SUMMARY

Home repossessions rate set to rise

New figures are expected to show an increase in the number of orders made for home repossessions as consumers struggle with recent interest rate hikes.

REPOSSESSIONS

02.11.07, 9:17am

The warnings have been coming from inoformed sources for over a year now.people being given large mortgages with minimal checks is asking for trouble.As a previous poster stated to many people want it all today on plastic fantastic.The have now pay later society is coming to an end,i feel sorry for anyone who loses their home,the majority of the blame lies with the cash heavy lenders.Todays news made a big story out of the fact that savings have hit £1 trillion,sounds good? except debt through mortgages,loans,credit cards is £1.4 trillion and rising.There are some nasty times ahead for a lot of people.

• Posted by: diddleydoo • Report Comment

HAVE YOU FORGOT....

02.11.07, 8:45am

With all this talk about the Credit Crunch will cause repossessions to rise people have forgot the other problems they have,problems that will not only finish them off but will kick the stool from under their feet when the last bit of noose goes around their necks at Christmas.
Credit cards,Store cards,Unsecured loans(door to door loan men),Home shopping books etc etc etc...
Have you forgot this so called Credit(engineered)Crunch will not only effect Property,it will also effect the wannabe celebrity lifestyles everyone seems to have.
I told my wife this months ago ,so when i read it in a tabloid a couple of weeks back i just smirked because if you are not dumbed down by celebrity and all that other fluff they(The Elite)put out there it was so plain to see!
p s ..i have money so this is not from someone who is bitter and broke just from someone who woke up to the illusion the Media/Government and the Elite have put out there to shackle us from the cradle to the grave!

• Posted by: Serious • Report Comment

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