Get Out Of Debt
  • Write off unaffordable debts
  • Lower your monthly payments
  • Stop creditors from contacting you
  • Check My Debt Options

How Can I Get Out of Debt?

With a simple legislated debt solution you can consolidate all your debts into one lower, affordable monthly repayment. Make one set payment per month for a set period, and after the period expires any remaining debts left are legally written off. This can be up to 90% depending on your circumstances.

NRAM / UKAR (old Northern Rock Mortgages)

Ginnahuggs asked:

Hi all,

I’m brand new to this site as of today, after watching a video on YouTube with Daniel bostock some information came to mind regarding my previous employment. I worked for NRAM/UKAR for just over 5 years in the mortgage litigations department. As I understand it when northern rock were bailed out, NRAM was created in order for northern rock to able to continue trading as a bank, then later put under the umbrella company of UKAR owned by government, specifically the tax payer.

I worked in mortgage litigations, in our targets regarding clearing arrears it was put to us that we were to rinse these already broke people in order to pay back the tax payer… issue is this, an Australian company named computershare are now buying out these mortgages, perhaps also some of mortgage express and Bradford and bungled, as I left last year I don’t know the full ins and outs of what is being sold on.

Is this legal?

Mortgage agreements were made with the original northern rock, predominantly missold, 125% mortgages are clearly not an example of responsible lending, unsecured elements of which can be written off as long as no 2nd charge has been stuck on.

I bring this to your attention as I feel this is terrible treatment of hardworking and usually working class people stuck with mortgages they aren’t able to afford and properties that will never have any equity, after spending about 4 hours since getting in from work reading posts on here you guys seem really clued up!!

Just thought it may help others if this was looked into, I wouldn’t know where to start.

Cheers ☺️

wysiwyg83 replied:

I had a 125% mortgage with NR back in 2002/3. Although I sold my house in 2005, I was unable to clear the unsecured part of the debt, which is still outstanding.

Thanks for sharing this info 🙂