Posts Tagged ‘borrowers’
How you can beat debt
How you can beat debt Debt is a problem that affects millions of people all over the world. In the UK specifically, over 8.3 million families are currently living in debt, with this often causing people emotional stress and anxiety as well as financial problems. In Newham, London, more than 20% of the people living…
Read MoreMy home has been sold and now I have received a letter chasing an outstanding balance. What are my options?
As the various lending institutions work through their ‘delinquent’ mortgage books, more and more people are approaching us at the end of the sale process, when the lender and their agents, usually solicitors, chase and seek recovery of the outstanding amount due, after the disposal of the asset(s) involved. If a property was purchased pre…
Read MoreBankruptcy- What can happen?
Bankruptcy, the “B” word, is feared by many and has negative connotations associated with it. Sadly, we see many Creditors petitions in Court for borrowers being made Bankrupt by their Lender. Perhaps the stigma surrounding Bankruptcy has been reduced since 2008 due to the increase in numbers filing for Bankruptcy but it is still something…
Read MoreMy Loan Has Been Sold to A Third Party – What does this mean for me?
At Bell & Company, we assist individuals whose original loans have been sold to a third party. Some may remember that, recently in Northern Ireland, we were asked to attend with a joint committee at Stormont to outline how Cerberus were liaising and reviewing cases of loans they purchased from Ulster Bank. You can revisit…
Read MoreINTEREST RATES – ARE YOU READY FOR THE RISE
The Bank of England will soon need to rediscover its trigger finger and fire the gun on as interest rates rise in the near future. We have enjoyed 7 years of ultra-cheap rates and “cheap money”, however any rate change is set to have a significant impact. Bank of England’s Monetary Policy Committee meets on…
Read MoreLoan Sold to Cerberus? Act Now!
In a recent blog we discussed the sale of Ulster Bank loan books to Cerberus. Since then things have moved a pace and at Bell & Company we are pleased to report we have had constructive meetings and discussions with Cerberus thus far. Cerberus are now starting to initiate contact with borrowers whose loans have…
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