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Old 02-13-2008, 06:16 PM
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Post UK sub-prime lenders bring 50% of repossession cases

Investigative journalists working on the BBC’s Radio Five Wake up to Money programme have reported that sub-prime lenders are responsible for bringing over 50% of UK repossession orders.This group of lenders, which caters for borrowers with poor credit histories, accounts for around 6% of the total mortgage market.The research looked at 1,200 cases brought before [...]

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