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Thursday
May032012

Policy Head at Citizen Advice says there's too much Forebearance

The Director at Citizen Advice in charge of Policy and Advocacy will say today when speaking at a Consumer Credit debate, that lenders are  giving debtor's too much foreberance.

Teresa Perchard is expected to say : "Successive governments have put pressure on lenders to put off foreclosure. Too many people have got forbearance and I’m beginning to become concerned.

“Perhaps they’re not having constructive advice, as is forbearance the best option when the there’s no prospect of the debtor paying up?”

She added: “I want to see a proactive but not aggressive way of dealing with debtors not too fast but not too slow.”

 

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