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Debt Free Wannabie - Newbie

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  • RAS
    RAS Posts: 36,206 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Joint debts are those for which you are jointly and severally liable. So they can hit you for the entire amount. The only option is to get the others to cough up. Any chance of that?

    With respect to the NR loan, is this the value of the debt left after the mortgage was paid off or a loan given as part of a 125% mortgage? Did you sign any paperwork when the mortgage was redeemed?
    If you've have not made a mistake, you've made nothing
  • The NR debt is the unsecured loan which made up the 105% we borrowed. There just wasn't enuogh to pay this off when the house sold. I am not sure what we signed when the house sold. Should i request copies from NR?
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