We took a secured loan with Picture in 2007. At the time our house was valued by them at 84000 (mortgage for 69000) and the loan (including PPI) was approx 45000 over 25 years. Between us we brought in less than 30000 a year. I know now that we should never have agreed to this in the first place and now it's quite literally strangling us. Is there any way this could have been mis-sold or are we saddled with this? For over four years now we've been paying a virtual double-mortgage. Despite the virtually non-existant interest rates the rate for this secured loan still sits at 9% or thereabouts and there has only been one very small reduction in all that time. Really angered with this lot. Any help would be greatly appreciated.
Secured Loan. Any help would be greatly appreciated
Posted - 20 April 2011 : 13:25:07
