Now banks ring up their cash-strapped customers to warn them: ‘Ditch mobiles and gym membership or lose your home’
Reposted from: http://www.dailymail.co.uk/news/article-2031934/Banks-warn-home-owners-cut-spending-risk-losing-house.html#ixzz1Wb3dOIsl
August 31, 2011 @ 12:35 pm
Cash-strapped homeowners are being telephoned by their banks and told to cut spending on ‘luxuries’ – or risk losing their homes.
Every week, around 2,000 customers of Northern Rock Asset Management and Bradford & Bingley are being warned to slash their outlay on mobile phones, gym memberships and even socialising, to ‘prioritise’ their mortgages.