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Secured Loan


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I have a secured loan with approximately 4 years to run. However I now find myself with the problem of maintaining the current monthly repayment due to a substantial reduction in income, caused by my husband going into permanent residential care which I have to partially fund. I will lose his state pension and part personal pension which will leave a gaping hole in finances. I am wondering if I can obtain a reduction in the existing monthly repayment which I realise will add further interest, but better that than facing re-possession. I would be most grateful for any assistance.

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