Loan please give me advice !!

kogutor

HI
About 3 yeras ago, me and me wife, we took a loan for 20000 in natwest to build house in Poland. Last May we split up and she went back to Poland. She keept the house but i am still paying this loan. Please note this is a personal loan and its on her name, we have join bank account but there is no incom from her only my wage coming to account.
So every month i am paying about 340 for nothing. What should i do to not have a problems, is this my resposnibility to pay this or not
Thanks for all advices

BugsyBrowne

kogutor wrote: »

HI
About 3 yeras ago, me and me wife, we took a loan for 20000 in natwest to build house in Poland. Last May we split up and she went back to Poland. She keept the house but i am still paying this loan. Please note this is a personal loan and its on her name, we have join bank account but there is no incom from her only my wage coming to account.
So every month i am paying about 340 for nothing. What should i do to not have a problems, is this my resposnibility to pay this or not
Thanks for all advices

Mate if your split up tell her to shove it, if its in her name you are not liable for any repayments.
If you don't pay the repayments they won't be chasing you for the money it will be her.
Also get yourself disassociated from her on your joint account.

kogutor

star-fire thank for quick answer,
so if i will cancel direct debit that should be enough?

climbgirl

kogutor wrote: »

so if i will cancel direct debit that should be enough?

No - the bank still have authorisation to go into your linked account and take money you owe.

You will need to open a new bank account with a completely different bank and get your salary in there. Then they can't touch it.

kogutor

its silly situation because its still a lot money to pay its kiling me
what happen if bank not find her or there will be no response from her.

BugsyBrowne

kogutor wrote: »

its silly situation because its still a lot money to pay its kiling me
what happen if bank not find her or there will be no response from her.

Its not your debt anymore its in her name,they can't chase you for a debt which is not yours.
You have not signed a loan agreement.

KingElvis

I would tell her to take a run and jump

geoffky

let them chase her..they loaned her the money,,sit back and enjoy the extra breathing space..

paddyrg

I am sure they will try to contact her, and it is fully her problem. She will probably get a CCJ, but whether the bank can take the property is down to how good their lawyers are...

opinions4u

You need to close the joint account first otherwise it will all tar your credit file for years to come.

chesky369

You may have trouble closing a joint account without her signature of agreement.