Highest Repossession Rates In 14 Years

Published on February 25, 2010 | Author: admin

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How to avoid your home being repossessed?

 

The Council of Mortgage Lenders have detailed that an average or 126 homes a day were repossessed in 2009.  The total number of repossessions reached 46,000, the highest in 14 years. 

The good news is that the rate of repossession is apparently slowing down with 13% less repossessions in the fourth quarter of 2009 than the third.  However, at the end of the year 188,300 mortgages were still in arrears. 

If you need help to avoid repossession, call Quick Cash For Properties on 0800 933 6137 and leave everything to our repossession experts.

Record Numbers Seeking Debt Advice

Published on February 25, 2010 | Author: admin

Filed Under Housing Market News | Leave a Comment 

 

Pay off debts with Quick Cash For Properties

 

At the end of 2009, the Citizens Advice Bureau stated that a record number of  people in debt have been seeking their help; 2.27 million during the year.  Debt and benefit issues now account for 60% of the Citizen Advice Bureau’s workload and they are currently dealing with 9,500 new debt cases every working day.

Equifax conducted a survey at the beginning of this year which showed that 20% of their customers have less income due to reduction of hours, pay cuts, lack of overtime or bonuses.  This reduction in pay is putting pressure on family budgets and a third of those surveyed felt they were in debt as living expenses and the cost of most essentials increased last year, despite interest rates dropping.

If your debt reached unsustainable levels, Call Quick Cash For Properties on 0800 933 6137 – we can help you become debt-free tomorrow.