Anyone reported these lenders to newspapers? : LUSENET : Repossession : One Thread

Has anyone reported these lenders to the newspapers yet? I'd like to see the papers report on how the lenders chase and intimidate years later, sell houses for a fraction of their worth, how ordinary people are thrown into terminal debt.

-- indigo (, August 10, 1999


I think newspaper reporters are well aware but are less interested in it than other issues which they consider more mainstream. Endowment and early repayment are more their thing.

The main reason for this is that newspapers need advert sales and advert sales come from lenders/brokers selling mortgages. Thera re few people trying to attract the attention of repossessees who are buying adverts. So repossessee issues to feature but are a small propotion of newspaper column inches compared to issues that affect mainstream mortage buyers.

There are other issues but that is the main one.


-- Lee (, August 12, 1999.

Hear Hear, The Newspapers need the advertising revenue that these organiaations generate. they are not interested in peoples predicaments with these organisations. In our particular scenario, we had 2 news editors of UK dailies involved, and when it came down to it, they could not be bothered to help us. Although our problem is impacting oun our financial abilitry to get married, which is very distressing for both of us. this is why we have turned to the internet, as the organisations have no control over this. please see our site, this will give you our story.

-- Kieron Maughan (, July 23, 2000.

Interestingly, nearly a year later, I am pleased to be able to note that there have been a number of developments:

Press: articles in the Guardian; Private Eye; the Mail on Sunday;; etc.

Parliament: EDM 62 tabled by Mike Hancock MP received good support and publicity.

What goes around comes around.......

-- Eleanor Scott (, June 06, 2001.

Moderation questions? read the FAQ