Brendan Burgess
Founder
- Messages
- 53,775
Many PIAs and DSAs will fail.
If John goes into arrears on his mortgage, his mortgage lender won't be too concerned. He can comfortably service the interest and his unsecured debts will be gone.
There isn't much negative equity.
A PIA is not a guarantee that someone will live happily ever after.
If John goes into arrears on his mortgage, his mortgage lender won't be too concerned. He can comfortably service the interest and his unsecured debts will be gone.
There isn't much negative equity.
A PIA is not a guarantee that someone will live happily ever after.