Repossession advice site could contribute to debt recovery
Repossession advice site could contribute to debt recovery
- Thursday, 3 September 2009A new website has been launched by the Ministry of Justice to help people faced with repossession.
The website, which was launched on the last day of August, could be a useful tool for people to use in conjunction with professional
debt advice sought from a financial advisor.
Chris Jenkins, co-owner of the Homeowner's Advice Centre, said that the possibility for consumers to find repossession advice on such a site was a welcome addition to the options currently available.
He commented: "I believe that the government's new site is a positive step in bringing advice to people in an easily accessible format.
"Along with the government's own initiatives, local councils, debt charities and mortgage lenders themselves are able to offer advice."
The Council of Mortgage Lenders has revealed that the number of repossessions fell in the second quarter of this year to 11,400 from 12,700 in the first three months.

Recent Debt Management Plan News
56% of Brits have no life insurance which could leave family with debt problems
Wed, 04 May 2011More than half of UK adults currently have no life insurance cover, which could mean their loved ones are left with
debt problems when they die...
Brits thinking about retirement advised to seek debt advice
Tue, 03 May 2011Consumers considering their retirement options have been advised to seek professional advice, as they may end up with
debt problems in the future...
Brits planning to attend a wedding should start saving to avoid debt problems
Thu, 28 Apr 2011Consumers concerned about getting into
credit card debt to pay to attend a wedding may want to use their savings instead...
Couples planning their big day can avoid debt problems by negotiating a cheap wedding
Wed, 27 Apr 2011Couples-to-be worried about needing
debt advice in the future after paying for a wedding can ensure they avoid accruing
debt problems by negotiating a cheap wedding...