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Subject: Re: Times: Homes at risk as banks seek more security for credit card debt Posted on: Tue, 25 Mar 2008 14:47:59 +0000

On Sun, 23 Mar 2008 10:28:12 GMT, John Anderton
wrote:

>On Sat, 22 Mar 2008 15:10:38 +0000, Graham Murray
> wrote:
>
>>
>>Maybe someone needs to remind the banks of the old adage "you cannot
>>have your cake and eat it".
>
>Possibly the customers should be told : "You can't pretend you're
>unable to pay back a loan of £10,000 if you live in a house which
>would put more than £10,000 in your pocket if you sold it"
>
>I wouldn't stand for that if I was owed money, would you ?

However it would not be good for the whole economy if everyone who was
slightly in arrears with an unsecured debt had to sell their homes to
pay off the debt.

M.