observatornews.ro/economic/la-97-de-ani-are-de-ach

A 97-year-old woman faces a debt of over €455,000 from a €130,000 reverse mortgage taken out 23 years ago. Initially, she only needed €30,000, but accumulated interest has significantly increased her repayment amount. Despite her family's attempts to mediate with the bank since 2022, they have not succeeded. A complaint was filed with the relevant authority, but a response may take up to 14 months. The case raises concerns about the bank's lending practices, especially since a large portion of the loan remained unused. Experts warn that reverse mortgages can lead to substantial debt due to long-term interest accumulation, highlighting the need for careful consideration before entering such agreements.