Bit of doom and gloom i’m afraid but first some good news, the latest figures from the Office for National Statistics (ONS) show a leveling out of unemployment. Right, on with the bad news – despite the unemployment plateau, many people are still worried about how they will pay their mortgage if they lost their job.

Needless to say, defaulting on any debt repayments can have serious consequences but with the bad rep insurance has due to all the PPI claims fewer people than ever are covering their back. What makes this financial timebomb even more of a worry is the fact that at the end of last year, the Council of Mortgage Lenders predicts over 53,000 repossessions in 2010.

Related posts:

1. PPI Compensation Claims Up, Housing Market Down, RIP Economy – Not The Best Year Then
2. PPI Claims Aside, PPI Costs Are Rising
3. PPI Claims Increase The Cost Of Cover
4. PPI Claims Might Just Dent the £3.8bn Profit They’ve Made
5. PPI Compensation Claims, Government Bail Outs and £13,800 Of Your Money