CAB predicts bad year for secured loan holders
Jill Ramsay, of Mid-Derbyshire Citizens Advice Bureau, told the Guardian today of the problems facing many secured loan and mortgage borrowers.
Ramsay said that many people have fallen into arrears on their secured loans due to work shortages.
Many people in the region, she said, are experiencing a lack of overtime, basic shift patterns, and redundancies, resulting in an inability to meet repayments.
