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Originally Posted by gary_580
if your no longer worthy of the credit that the lender based its lending to you on. i dont know if banks and building societies check this after the loan was issued but i would expect that they do.
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They cannot terminate a contract based on the principle you may default as you have over hit other credits, hell even if you default some ie you become sick etc, theres scope to re balance the books. You would then be up for a potential evalutation fee on your property to ensure its worth more value than is *secured* against it.
Credit cards mean nothing, they have no security and can do nothing but accpet payments either offered by yourself or applied by a court ruling.