HSBC should have heeded these concerns before repossessing
COPOCO Community Credit Union's alleged misconduct in repossessing
vehicles without the required court order is both wrong and illegal.
The Ministry of Justice said while there was no evidence that other lenders were repossessing
properties without court orders, it wanted to close the loophole.
THE practice of repossessing
a property after the homeowner has defaulted on just one mortgage repayment could soon be curtailed.
Nationwide, HBOS, Lloyds TSB, and Northern Rock all admit they chase borrowers to recoup losses AFTER repossessing
BAILIFFS are repossessing
a dozen homes a day in Merseyside.
Although the bank was able to recoup the full value remaining on the car when it resold it, there was no distinction between me handing back the ear on my own accord and them repossessing
it," she says.
The man had been stabbed while repossessing
He said he was repossessing
the car and gave me five minutes get my things.
Watts, President and Chief Executive Officer, commented, "Since our discovery of the fraudulent and otherwise improperly made loans in May '02, significant energy has been expended by Bank staff and management correcting weakened internal control systems, repossessing
and preparing repossessed assets for sale.