Help! anyone?

dantheman24

Hi, I need some advice...

My sister was 'forced' by her nutter abusive boyfriend, to take out a bank loan for £11k. So he could by a car (he is a self employed taxi driver) with bad credit. My sister is a hairdresser and has her own shop that she rents. She makes only a small profit each month. The loan repayments are around £250 a month.

Now they have split up and are living apart. He is violent and impossible to talk to. They arranged at one point for the repayments to come directly from his bank account. Six months on a lady at the bank flagged up the fact that it was strange the bank let my sister take out the loan in the first place, based on her income. And the fact that they let him arrange the repayments from his account also... Anyway, now they are apart, he says he will stop the payments.

I may know the answer, but what can my sister do to stop this? Can she transfer the loan to him? Yes she was foolish to sign a loan agreement in her name but are the bank at 'any' fault at all?

Grasping at straws here really.

Dan

standupguy

I am afraid that she will not be able to transfer the loan as he is obviously uncreditworthy, which is why he coerced her to take out the loan.

What can she do ?

Well it depends what you mean by "forced" - if this definitely was the case then there may be grounds for a complaint to the police as the boyfriend has really obtained the goods fraudulently.

If it was applied for more or less willingly without any threats then she could try and get the vehicle back if it was invoiced in her name.

If she gave the money to her boyfriend and he purchased the car in his name with the money he was given then there is not much you can do.

This sort of arrangement between strong minded,devious but uncreditworthy boyfriends and gullible or impressionable girlfriends happens all the time - it wasn't the first and won't be the last time this happens.