The bank Auction your Property and Sue you for Bankruptcy?
Over the last couple of years, we have seen a record-high increase in the number of property auctions all across the country. The sluggish economy has made an unprecedented increase in unemployment, which has been compounded by rising costs of living and high house prices. Many people are now living at the edge, and can fall into a spiral of debt and repossession – any time. With just one wrong decision, you can suddenly become homeless.
Auction Property Malaysia
If you are finding a hard time keeping up with your financial obligations, particularly bank loan repayments, you must decide to face the problem immediately. LENDERS NEVER TAKE REPOSSESSION LIGHTLY so it is important that you act as soon as if you don’t want to lose your home. Call us now of complete the form as we can help you now!
Once you realize the threat of repossession, stop the blame game, accept the fact and start solving the problem at hand. It may not be your fault why you are facing this financial dilemma. You also need to understand that eviction is not shameful – there are hundreds, even thousands, of other people who are like you facing the same situation, some who we have already helped. It gives a certain degree of solace to know that you are not alone.
Bank CTOS Blacklisted and Bankruptcy
From the second your properties or houses are foreclosed, your name will be blacklisted in CTOS. CTOS is used by banks for customer’s credit status and credibility checking in loan applications. Blacklisted record can never be erased even if you have successfully turned your life around in the future. Bankruptcy is a financial situation that must be avoided because for a bankrupt person, not only his future credit status will be affected, but even his employment chances may be negatively influenced. To avoid it, you need to equip yourself with ways on how you can bring down your chances of facing bankruptcy