These three are keeping their chins up, after losing their house for missing a payment
“Banks are tightening their belts at moment and are very reluctant to lend to people who probably can’t pay them back” Errol Damelin, founder and CEO of Wonga told us. “That’s where we come in. We can offer almost anyone a mortgage all at our competitive APR of 4212%. What’s more is that we offer 100% mortgages so there is no need for a deposit. Mortgages are over 25 years so there is plenty of time for you pay off your mortgage, or to look at it another way, 300 monthly opportunities to miss payments and give us your house. All our customers need to provide us with is a proof of identification and a pulse, or failing that, a the nae of someone they know with a pulse”
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