Pepper pursues major mortgage debt write-off strategy

Pepper Home Loans, the Australian lender that acquired the Irish mortgage business of GE Money last year, is agreeing hefty debt write-off deals with a growing number of Irish customers.

Ian Kehoe - avatar

Ian Kehoe

24th February, 2013

Pepper Home Loans, the Australian lender that acquired the Irish mortgage business of GE Money last year, is agreeing hefty debt write-off deals with a growing number of its struggling Irish customers.

Pepper has sanctioned a large number of debt settlements in the past few months, as it continues to work its way through its €600 million mortgage book that it acquired last year from GE Money.

The Australian mortgage company is allowing customers to...

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