Nicola Geraghty, facing the repossession of her home, shared her struggles stemming from a mortgage she obtained at 22. With significant arrears of â¬165,000 and a monthly repayment far below what is needed, she expressed how this debt has hindered her health, relationships, and ability to plan for her childrenâs future or consider marriage. Her situation, complicated by high interest rates and unrealistic payment expectations, underscores the challenges many face in managing debt amidst personal life changes.
Nicola Geraghty stated that acquiring a mortgage at 22 became 'a burden that cost me my health, relationship and ability to live a normal life.'
With a significant debt of â¬165,000 in arrears and a monthly payment of â¬650, she struggled to meet her obligations, which originally required payments of â¬1,925.
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