Archive | May 13th, 2009

Negative Equity Trap; Never Miss Payday Loan Payments

Posted on 13 May 2009

there is a problem with such kinds of loans that the interest rates may rise and fall with the value of the property, i.e., in case the value of the property decreases, the interest rates will increase and the homeowners will find themselves trapped in a negative equity which increases the amount of repayments.

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