Repossession – “Get Advice As Early As Possible”

Home repossessions up 48%

The Council of Mortgage Lenders (CML) issued figures today stating a 48% rise in home repossessions in the first 6 months of 2008.

Payplan’s Managing Director, John Fairhurst, speaking today on BBC Radio 5 Live about the repossession announcement, said:

“I think the most important thing that people can do is to get advice as early as possible. In about 80% of mortgage repossession cases it’s possible to avoid repossession simply by getting the right advice at the right time.”

He added:

“It’s rarely too late to get advice.”

Payplan repossession advice – contact details

You can get repossession advice from Payplan’s Special Repossession Advice Team on 0800 917 7819 or by submitting your details using the online Debt Calculator.

Written by on August 8th, 2008

Filed Under Budgeting, Debt News | Trackback | Leave a Comment