Oh Dear: Britain's streets of debt: Borrowers beware

[milanbenes]

http://news.bbc.co.uk/1/hi/business/5030820.stm

"Debt has soared in Britain in recent years, and home ownership is a key part of that trend. We owe close to £1 trillion in mortgages alone.",


http://news.bbc.co.uk/1/hi/business/4621002.stm

'Caller deluge hits debt helplines ',


Milan.

[DimPrawn]

Why do you care? You've already escaped.

I thought you'd just sit back and chuckle at the headlines?

[Xenophon]

Why do you care? You've already escaped.

I thought you'd just sit back and chuckle at the headlines?

One has to chuckle at somone paying 40% interest to be honest...

[lORD lUCAN]

One has to chuckle at somone paying 40% interest to be honest...

Should have been wrote off as midadventure, poor woman. Bet she thought, ah its only 2.5 grand, I'll soon pay this off !! 18 YEARS later she's fighting to keep her house !!, sick...............

[Xenophon]

Should have been wrote off as midadventure, poor woman. Bet she thought, ah its only 2.5 grand, I'll soon pay this off !! 18 YEARS later she's fighting to keep her house !!, sick...............

Agreed. The guys that do this sort of thing are, in the words of Alan Partridge, scum, sub-human scum.

[The Lone Gunman]

£1 trillion in mortgages alone.

Doom and gloom. As long as there is no property price crash then these mortgages are secured against £3 trillion in property.