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When you’re buying a home or a car, a mortgage
or another type of secured loan can let you borrow big sums of money. But if you fall behind with your repayments, the lender can take really serious action. They have the power to take your home
or car away from you (called repossession). And even that won’t necessarily mean the whole debt
is settled! So they can still take you to court to
get the rest of their money back.
*Watch out!* It’s a bad idea to take out a secured loan to pay off other debts, like your council tax
or a credit card. We can help you with another debt solution that doesn’t put your home or
other assets at risk.
If you’re struggling with your debt repayments,
try to pay your secured loans first. Your home
or car could be at risk if you don’t.
Get BacktoBlack. Talk to us today
Or, take your first steps to debt freedom
with our online form
team of experts
can help you
on your way to
Click below and we’ll tell you a little bit
more about us. Our story is based around
our experience with problem debt.
Find out why we enjoy what we do here at
BacktoBlack, what makes us tick, and how we
can help you change your life for the better!
Don’t worry, we know how you feel.
All these fancy debt words are hard to keep
track of. So to make things easier for you, we’ve
put together a BacktoBlack Debtionary to help
explain the jargon! That way you’ll be up to speed
in no time at all, and ready for that pub quiz.