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Joint Loan Problem
slimfastshady
Posts: 16 Forumite
in Loans
To cut a long story short, I have a joint loan with a now ex girlfriend, i was first applicatant on loan application and her the second applicant, she has missed paying her share of the last two months repayments which she transfers into my account, what are my options if she stops paying, any advise given would be very helpfull
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Comments
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slimfastshady wrote: »To cut a long story short, I have a joint loan with a now ex girlfriend, i was first applicatant on loan application and her the second applicant, she has missed paying her share of the last two months repayments which she transfers into my account, what are my options if she stops paying, any advise given would be very helpfull
You are jointly and severally liable for the loan irrespective of who is first or second name on the documentation. This means that if one party cannot pay, then the other party must make the full loan repayment.Best Regards
zppp
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If you let the thing go into arrears, both of your credit ratings will suffer badly.
What's the amount owing and monthly payments?"We want the finest wines available to humanity, we want them here, and we want them now!"0
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