Secured or Unsecured ?

Sarah_Newton

Any loan which is not paid is recovered by the lender, one way or the other.

dreavi

WillimS wrote: »

No one takes out a loan who owns their own house with the intentions of not paying it back, but in the event of unforeseen circumstances then you take have to take that into account, please don't defend lenders as they know full well that the majority of borrowers have no idea about APRs or interest rates, they rely on ignorance, and in my case like others that exactly what it was, you would need to hirer a solicitor to sift through the small print of any loan or credit agreement, hence the reason why me and the vast majority of others are paying the price for our ignorance, and the fact that finance companies make their living out of mugs like us.

Thats your argument? ignorance? I didnt do any research and took out a massive loan now the bank wants my house. Bloody bankers, quick lets get our pitchforks. You only have yourself to blame for this one mate, you admit you are a mug and have to take it on the chin unfortunately. I also have these fine magic beans you may be interested in

~Brock~

OP you must have enough trouble remembering your opinions, let alone your reasons for them.

chalkie99

Sarah_Newton wrote: »

Any loan which is not paid is recovered by the lender, one way or the other.

If that were true the country wouldn't be in the mess it is.