In cases where a debtor genuinely can’t make repayments, they could feel trapped. But, assistance can be available. The Financial Ombudsman solutions can help individuals in often tough circumstances.
Customers are seldom permitted to log off without at least repaying the mortgage quantity. Still, it is not unusual for loan providers to have no choice but into eliminating rates of interest. This is also true whenever checks weren’t performed. It could be a loan that is relatively small but taking out fully a ?1,000 loan should require more checks than the usual ?100 one. (more…)