* The contractor claims to be endorsed by the Federal Housing Administration for the Title I
home improvement loan program.
The Merseyside couple took the
home improvement loan out in 1989 but interest rates of 34.9% meant it ballooned to more than 50 times that amount.
The Merseyside couple took out a
home improvement loan at an annual interest rate of34.9 per cent in 1989 and ended up facing repossession of their home in Gosforth Road, Southport.
They had taken out a pounds 5,740
home improvement loan at an annual interest rate of 34.9% in 1989 and ended up facing repossession.
A couple who took out a pounds 5,750
home improvement loan faced losing their house yesterday after their debt spiralled to more than pounds 384,000.
Liz, 50, who works as a senior economic researcher with regional development agency One NorthEast, and Graham, 42, a self-employed consultant, took out a
home improvement loan so they could re-do their kitchen and create an extra bedroom and bathroom.
He applied for the home loan and was surprised to learn that his credit report revealed an extra $87,000 of debt including a car loan, educational loan, and
home improvement loan, other things.
But if you do decide to borrow the cash, you are probably better off adding it to your mortgage rather than taking out a
home improvement loan.
Dublin: Bank of Ireland has reported a 25% increase in consumers applying for a
home improvement loan in the first quarter of 2016 versus the same period last year.
Q I HAVE applied to several lenders, including my bank and current mortgage lender, for a pounds 20,000
home improvement loan. I have had all my requests rejected because I have been self-employed for nine months and cannot yet provide proof of my earnings.
To get into difficulties over mortgage repayments from temporarily unemployment is one thing, but to compound the problem by choice in taking out a nonessential
home improvement loan is quite another.
The case of a couple who face losing their home after a pounds 5,750
home improvement loan spiralled into a debt of more than pounds 384,000 is set to conclude today.