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secured loan/re-mortgage

Last post Fri, Sep 11 2009, 2:38 PM by veahen. 4 replies.
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  •  Fri, Sep 11 2009, 2:38 PM

    Re: secured loan/re-mortgage

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    ok love thanks for the information,it really helps,xx
    • Post Points: 5

  •  Fri, Sep 11 2009, 12:01 PM

    Re: secured loan/re-mortgage

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    If she did actually manage to get a debt consolidation loan, the chances are the interest would be even higher than she is currently struggling to pay.

    She needs to shop around or to see a independent mortgage broker to discuss her chances of re-mortgaging on better terms and rates if possible.
    • Post Points: 50

  •  Fri, Sep 11 2009, 11:46 AM

    Re: secured loan/re-mortgage

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    hi conman killer,thanks for your reply,she has tried cab,they couldn't help,the loan is secured against her home,which she did not want to sell if she could help it,are there any debt management companies that take on a secured loan,they all only seem to be able to help if its un-secured.thanks
    • Post Points: 20

  •  Fri, Sep 11 2009, 11:39 AM

    Re: secured loan/re-mortgage

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    She could approach the free charitable organisations such as the CAB, CCCS or the national debt helpline for some professional advice and help to restructure her payments, so she can afford them.

    Failing that she could always sell the security that she has put up for the secured loan...(realise the asset) and bring an end to what she is struggling to pay monthly, hence clearing the loan that she is struggling to meet the interest payments on.
    • Post Points: 50

  •  Fri, Sep 11 2009, 11:24 AM

    secured loan/re-mortgage

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    hi, please can you help,my friend has a secured loan of 23,000,with the interest ect,she is going to pay 72,000 back,she is struggling to meet the 311.00 per month payment,they are charging her that same amount in intrest per month,she cant win,how can she get any help out of this?thanks
    • Post Points: 20
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