Facing Repossession? Don’t Borrow More Money!!

There are many websites out there that promise to help you avoid repossession byborrowing more money!

If you truly are facing repossesion then borrowing your way out of trouble is the recipe for disaster.

This is because if you have mortgage arrears or a possession order against your home from your mortgage lender or a second charge loan company, no one is going to lend you money at a lower interest rate than you are currently paying. If they do, it will be for a limited time before massive interest rates kick in.

This means that you will almost certainly lose your home. If not today, then in the coming months as you struggle to make even higher payments.

Most of the loans available to people in your position are on  a variable interest rate. The Bank of England rate may go down, but these companies are not linked to the Bank of England interest rate, so you will probably find their rates going only one way – UP!

Any solution to stop repossession of your home MUST also help to get you out of debt, not further into debt.

For repossession solutions and help in reducing your liabilities with credit cards and other unsecured debts contact us via our website Stop Repossession Org UK

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