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Sainsbury Bank
I have a loan with Sainsburys bank 20K over 60 months, with a balance of 14.5K. I have explained that I can not meet the payments at the moment due to business failure and low income. They have accepted what they call a "no offer" frozen the interest and said I don't need to make payments for a few months.
I am selling my house and will have enough equity to pay off this loan and other debts, however I am not sure how long it will take to find a buyer. Does anyone know how long the no offer period lasts and what would happen next? Thanks.
I am selling my house and will have enough equity to pay off this loan and other debts, however I am not sure how long it will take to find a buyer. Does anyone know how long the no offer period lasts and what would happen next? Thanks.
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Comments
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Everything is discretionary.0
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Could ask them when they open tomorrow.0
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Just keep them in the loop and hope for the best.£1000 Emergency fund No90 £1000/1000
LBM 28/1/15 total debt - [STRIKE]£23,410[/STRIKE] 24/3/16 total debt - £7,298
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