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  • #1

    Pensioners face a lifetime of paying off debts

    One in five are in the red on the day they retire, with debts averaging £31,000. Many still owe hundreds of thousands of pounds on interest-only mortgages, caught between endowments that failed to deliver and lenders demanding repayment.

    http://www.telegraph.co.uk/finance/p...off-debts.html
    Tags: debt, debts, failed, finance, financial, home, interest, lenders, life, mortgage, mortgages, pensioners, pensions, rent, repayment, retired, retirement, telegraph, working
  • #2
    Re: Pensioners face a lifetime of paying off debts

    those of us of a certain age have been well and truly done over by the financial industry

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    • #3
      Re: Pensioners face a lifetime of paying off debts

      my mother is still working, should have retired a few years ago, just cant afford to.

      But thanx to AAD debt is the last of her worries! so at least thats something.
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      • #4
        Re: Pensioners face a lifetime of paying off debts

        Luckily I have a fair bit of equity in my home so will not be paying my mortgage into retirement as I will sell it before then clear all my debts then rent

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        • #5
          Re: Pensioners face a lifetime of paying off debts

          Been thinking that way myself.

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          • #6
            Re: Pensioners face a lifetime of paying off debts

            Originally posted by MrsD View Post
            those of us of a certain age have been well and truly done over by the financial industry
            Its not too bad if they keep raising the retirement age I should be debt clear about 2050. Iwill be almost a century.

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