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T O P I C R E V I E W
Holly.05
Posted - 03 October 2011 : 15:02:24 we have a secired loan and have not been able to meet the monthly repaymnets, first mortgage is up to date, we are paying a reduced amount of £300 per month but £390 per month of interest is added on! we have had property on market for oer 3 years and dropped price 4 times can you advise if we should declare bankruptcy
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Viki.W
Posted - 03 October 2011 : 15:53:23 Hi Holly,
Bankruptcy would not clear your secured loan unless you gave the house up for repossession.
Have you other debts you are struggling with?
Speak to an expert on here or visit the CAB for advice on all of your options.
