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Why Should Financial Institutions Get to Grab My Residence?
Should you owe money to loan companies or other creditors they have the legal right to pursue the payment of such debts in accordance with the conditions and terms under which the funds were obtained or the liability was incurred initially. If however the consumer is unable to or won’t adhere to the contracted repayment plan then lenders could avail of a number of means to compel the overdue customer to pay back the monies they are owed. These include getting a County Court Judgment (CCJ) against the customer and following this up with action by bailiffs which can comprise the seizure of goods or other assets.