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High fees for mortgage debt advice

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09-18-2007, 03:00 PM

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High fees for mortgage debt advice

Some mortgage lenders are reported to be charging high fees for advising borrowers who are in debt, when independent advice can be obtained free from charities. The Citizens’ Advice Bureau (CAB) is strongly opposed to the practice, which can drive people deeper into debt when high charges are applied. The CAB is urging banks and other [...]

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