Reply With QuoteI've seen their site. It looks promising.
Debt Consolidation Assistance
Say you are planning to consolidate your debts and have no idea what to do. Most tips on the web would probably tell you to just go search. There is actually an easier way. You can call or visit the site of UK Debt Help & Insolvency Helpline.
It is online, fully interactive and gives you direct access to skilled professional advice on all debt and insolvency issues.
Last edited by Daniel Smith; 08-12-2011 at 07:13 PM.
I've seen their site. It looks promising.
Did you know that in the UK one person becomes bankrupt or insolvent every five minutes and about 104 properties get repossessed daily?
Are you sure about this? It sounds highly improbable.Originally Posted by Stinson
Yes it is. Being in the UK has its advantages. For instance, in the UK it is more like looking at the person who fell behind in mortgage payments. In the US, it is more of what is in the contract.
Being repossessed and being foreclosed are two different things. In the UK, repossession means that the mortgage company will take back the house, sell it, use the proceeds to pay off the amounts owed to them. They then send the balance to the borrower. In a foreclosure, the mortgage company takes back the house, sell it and keep everything.
See the difference?
As long as they haven't sold it yet and you have the money to pay the amounts due.
What do you mean by this?
What its saying is that in the UK, when a homeowner misses payment, the attitude is that the company inquires why he or she was unable to do so. In the US, its all about the contract.
So its much more human here in the UK. And the brokers or lenders empathize with you.
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