Posted on: 05th Oct, 2010 04:32 am
10 years ago the company I was working for went bust after a long protracted wind down and several month without pay. Anyway as I was in arrears with my mortgage and I had (by now) no savings, the mortgage company addvised me to sell my endowment ploicy to pay for the arrears, in 5 years time they are going to want the money I borrowed back and I have no way of paying it. Idea's please.
Hi gjpworldwide,
You can contact your friends or relatives and check out if they can help you in paying off the borrowed money. It would have been better if you would have asked your mortgage company to give you a loan modification when you were facing financial hardship rather than cashing in your endowment policy.
Thanks
You can contact your friends or relatives and check out if they can help you in paying off the borrowed money. It would have been better if you would have asked your mortgage company to give you a loan modification when you were facing financial hardship rather than cashing in your endowment policy.
Thanks