Step low

By Anthony McIntyre (for Pensive Quill)

Pretty much as low as we are likely to find this side of Christmas. A lender repossessed the home of a Waterford couple which they shared with their special needs child. The pair had previously worked for Waterford Crystal but had since lost their jobs when the company folded. In debt and arrears they desperately tried to save their home. The lender, Stepstone Mortgage Funding Ltd, usuriously refused to renegotiate the terms. Phone calls met with no compassion. The couple had earlier written to the company requesting negotiation but were ignored. The excuse later given by the company was a ‘regrettable’ administrative oversight. Waffle.

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