| Author |
Message |
lulu
Joined: 10 Mar 2008
Posts: 1
|
 Posted: Mon Mar 10, 2008 5:19 pm Post subject: OAP Dilemma |
 |
|
my parents are in BIG trouble. they like in a house that they have owned forever. it is probably worth about £250k now although they bought it for 2,2k! They have somehow managed to get themselves into 25k of debt. who lends that sort of money to OAP's is beyond me!! anyway... they cannot get a re-mortgage as they are too old, (79 and 86) and they are surviving on state pension. don't think they have ever made a payment to any of there debts! to top things off, they are both suffering from slight dementia so it is difficult to get information from them...
i would hate for them to go bankrupt and lose my inheritence, any advice would be welcome here! |
|
| Back to top |
|
 |
David
ClearDebt Advisor
Joined: 05 Jan 2007
Posts: 5
Location: Manchester, UK
|
| Posted: Thu May 15, 2008 5:55 am Post subject: OAP AND HOPUSE |
|
|
| Might be appropriate for them to down size and sell their House, pay off all loans and creditors and invest balance to benefit their standard of living. |
|
| Back to top |
|
|
|
Home
ClearDebt Analyser
News
IVA FAQs
Press
FAQ
Search
Register
Profile
Log in to check your private messages
Log in
