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What would happen ........
missile
Posts: 11,793 Forumite
to your mortgage if the lender goes bust? 
"A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
Ride hard or stay home :iloveyou:
Ride hard or stay home :iloveyou:
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Comments
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Don't other banks/companies buy up their debt?Savings
£14,200 with £1100 M.I.A. presumed dead.0 -
Some other lender would buy the debt, and you would pay them them instead of your original lender. If you thought your debt would 'die' along with the original lender, then I'm afraid you would be disappointed."You were only supposed to blow the bl**dy doors off!!"0
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Debt is a good investment.Savings
£14,200 with £1100 M.I.A. presumed dead.0
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