Banks will question spending of borrowers in crisis

BANKS may be willing to talk to customers in trouble but according to experts, people should be prepared to be challenged on all aspects of spending.

Lenders have been saying for the last few years that anybody experiencing difficulty with their mortgage or loan repayments should come and talk to them.

They are willing to talk but, according to Frank Conway of MoneyCoach.ie, lenders will generally ask people to complete a personal budget planner or an income and expenditure budget.