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Please can you help? :'(

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Comments

  • jen_jen_2
    jen_jen_2 Posts: 1,032 Forumite
    the interest for i group is high because its a non status lender, that is a secured loan for people with poor credit. OP's father is going to struggle to remortgage because of repossession and poor credit.

    you will not be able to renegotiate the secured loan without going back to court and this will cost money.

    pay off the arrears as quickly as possible and then the risk of repossession is less.
    Ready to Go Go!
  • Do we actually know what the interest rate is?
    The monthly payment may include repayment of capital.
    ...............................I have put my clock back....... Kcolc ym
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