There is always some good for some and some bad for others in these kinda situations isnt there?
I dont really understand money markets etc, but the lending patterns over previous years have been totally irresponsible and people are now feeling the impact.
You would be shocked at the amount of people on FULL benefits and out of work who are up to their necks in new debts… now these people should not fit banks lending criterea atall, but they did, until now.
Repossessions are rife, and Ive had to deal with some extremely traumatic situations at work recently… fancy losing all your equity and ending up with nowt, its horrific.