Would I loose my house

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heath

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Post by heath » Thu Aug 09, 2007 4:04 pm
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Would I loose my house if one of my creditors had a secured loan with me
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Oliver

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Post by Oliver » Thu Aug 09, 2007 4:15 pm
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I think you need to expand this question to explain the context in which you are talking about.

Ultimately if you continue to make your contractual payments on secured loans your home will not be at risk.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp
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Oliver
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MelanieGiles

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Post by MelanieGiles » Fri Aug 10, 2007 12:15 am
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You will only risk losing your house if you fail to make the payments on a secured loan. A lender can commence repossession proceedings once you have missed three payments or more.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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heath

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Post by heath » Fri Aug 10, 2007 10:37 am
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If I had a secured loan on my house and after applying for an IVA, the creditor agreed to lower payments than the contractual ones, would I lose my house?
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MelanieGiles

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Post by MelanieGiles » Fri Aug 10, 2007 11:26 am
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No

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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