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Repossessions firms a Rip Off, a new report by Which?

by Capital Fortune on Mar 2, 2011

Families facing repossession are being warned against rip-off tactics used by "quick sale" firms.

A new report by Which? Money has exposed firms illegally offering services to complete property purchases in as little as a week to help borrowers with uk home mortgages[link], clear debts. Sale-and-rent-back providers buy from those desperate to sell and then allow them to rent the home back again. Schemes have come in for criticism after it was found some companies paid less than 60 per cent of the market value for properties.

Others imposed steep rent increases, and even evicted tenants after a matter of months.

UK financial watchdogs will be given powers to ban retail products and warn investors about pending enforcement actions when the Financial Services Authority is broken into three bodies late next year. The government will outline its proposal to strengthen a planned consumer champion and two other regulators, Mark Hoban, the financial...Read More >>



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There is absolutely nothing a lot easier to complete in recent times than to acquire ripped off. And that is especially genuine as more and more organizations are beginning to complete company on the internet. And as shoppers get into additional dire straits when it comes to finding into debt or having the ability to pay bills on time, they place themselves at risk for hastily landing suitable within the hands of payday loan scam artists. Luckily, there is an approach to spot a ripoff payday loan business.

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