can i get a joint loan into just my name

kaths101

HI, im wondering whether I can get my Boyfriends name taken off our joint loan, that is the only debt he has,where as I have loads and am thinking of bankrupsy OR dMP.

Can I go bankrupt alone if we have a joint loan??

talana

Short answer I believe is no, you can't get your boyfriend's name taken off the joint loan. And if your position is so bad you're thinking of bankruptcy, why would the lender ever agree to it anyway?

If you go bankrupt, your boyfriend is still jointly liable for the joint loan so he'd still have to continue paying it.

R0bert_Sterling

The whole point of requiring a guarantor was to protect themselves from customers like this.

They knew you were unlikely to repay this loan so they insisted on having someone else to chase up for the money when you tried to wriggle out of it.

Sorry it sounds blunt but that's how it is.

You can go Bankrupt with a joint loan, they simply chase the other person for the whole amount outstanding.

bigdave1973

Taking out credit, knowing that you won't pay it back is considered fraud.
I expect the same would be the case of changing a loan into your name, expecting not to pay it back.