Your home may be repossessed if you do not keep up repayments on your mortgage.
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Default register
What authority does financial institution have to register a default?
Under the terms of your credit agreement you will probably have agreed that the lender has the right to inform the credit reporting agencies of any default in payments. Once registered it is only the financial institution who registered the default that can have it removed.| Previous : How does bankruptcy end? | Next : What is the Default Process? |
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