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mortgage and unsecured loans ?
edited 30 November -1 at 1:00AM in Debt-Free Wannabe
4 replies 652 views
hi all,what can a lender do to me if i stop paying an unsecured loan, i cant seem to find a definitive answer,some posts suggest the lenders can do absolutely nothing due to the fact that the loan or c/card in question is unsecured against my home,afterall whats the point of unsecured v secured if they can still force me to sell my home to cover the debt,not bothered about credit rating but seriously...........what can they legally do in a court of law,would/can a judge legally make me sell/charging order etc..... really confused even though ive searched and searched,any advice greatly appreciated,ballpark figures are house value 160000,mortgage 144000,unsecured debt 30,000........
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