We appear to entering a period of financial instability, with four key factors negatively affecting the economy.  They are; rising interest rates and depressed property values, higher credit card minimum payments, swiftly rising fuel costs and the recent Wall Street crisis.  The results of these could spell disaster for many families already struggling on the edge of bankruptcy.

Don’t make the mistake of thinking that it couldn’t happen to you!  If you are in arrears in your loan repayments you should be aware that there is a clause in your contract with the lender that allows them to ‘call’ in the loan whenever they wish.  In simple terms; they can force you to pay enough to settle yourself into an equity position or foreclose on the home. Why would the banks do that?