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Not being able to pay mortgage

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  • 13-12-2011 12:26am
    #1
    JuliusCaesar
    Registered Users Posts: 4,882 ✭✭✭


    http://www.irishtimes.com/newspaper/pricewatch/2011/1212/1224308952154.htmlThis seems like an excellent approach.
    When dealing with banks people need to talk to the right people and prepare carefully, he says. Crucially, they need to show they “haven’t got the ability to pay” their debts by documenting every outgoing and being straight.

    “If you’re meeting your repayments but it is destroying every other aspect of your life then you have to stop, but you can’t just stop: you have to demonstrate that you can’t pay,” he says.
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    #2
    hmmm
    Registered Users Posts: 11,205 ✭✭✭✭hmmm


    Is it not blatantly obvious that if you can't prove to the bank that you can't pay they are going to try and get their money off of you? Why is this a surprise to some people (not you JC)?

    There was a lady on the Frontline not so long ago who was affronted by the cheek of a young bank employee telling her that she could pay back her mortgage if she cut back on personal grooming expenses. And the employee was right.


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