Trouble with GE Money

Johnny_English_5

Good evening all.

Some years ago, I took out a secured loan from GE Money (possibly for all the wrong reasons, but at the time, I had a good job and could afford it).

Later on, everything went wrong. I lost my job, my marriage broke up and I spent some time without much money due to illness.

My ex-wife kept the house, but defaulted on the mortgage payments and we agreed to surrender it to the bank. They sold it for rather less than it was worth (in my opinion) which covered the mortgage, but only a portion of the secured loan.

I am starting to get back on my feet. I have a job and am renting a house with my current partner. I have a debt management plan to get rid of my credit card debts. But, my current job doesn't pay anything like as well as my old one did and I have very little money left over once my commitments are dealt with.

In fact, I have very little full stop. I have a car (but only paid for on a loan from my mother). Almost everything in the house belonged originally to my new partner (I took very little from my marriage).

If I'm honest, I'd brushed the GE Money debt to the back of my mind, but I have a letter today from a debt recovery company wanting a statement of affairs from me.

I have one important question, can my current partner be in any way involved with this? She had no involvement in the original debt so I hope she can have no liability for it. does the fact that we intend to marry later this year have any bearing on the matter?

Apples2

Johnny_English wrote: »

I have one important question, can my current partner be in any way involved with this? She had no involvement in the original debt so I hope she can have no liability for it. does the fact that we intend to marry later this year have any bearing on the matter?

As long as you don't go getting financially linked she will have no bearing on the debt.

Don't go opening joint bank accounts or signing up jointly for any kind of credit.

Gothicfairy

As far as I am aware your debt is nothing to do with her, she did not take it out or default etc .

good luck with GE though, they are my mortgage company and I wish I had never heard of them. Only deal with them by post and keep the postage slips as they do seem to "lose" mail.

Johnny_English_5

Can I just clarify then. They can't use her in any way (even if we marry). ie Can't include her income on a statement of affairs or take any of her good via bailiffs or court judgements?

PNPSUKNET

as long as you half all the bills on soa's no.

Johnny_English_5

That's good news - thank you