Loan in husbands name - now my burden?

mezrie

No, no joint bank accounts.... I did think it was a bit unfair them turning focus to me regarding payment...

MrsTinks

They are focusing on you because you haven't told them to !!!!!! off! And you need to!
Your husband has a debt - if he can't pay his debts then he needs to look at a Debt Management Plan or DMP - either selfmanaged or with the help of a debt charity.
You should NEVER allow them to make you pay his debts and default on your own debts to do so... EVER
Worst case scenario for his loan is that as he defaults they sell the debt on or try to get a CCJ - ONLY when you have had a CCJ and failed to pay it can they get Bailiffs in to levy on goods and then only if you let them in! WHICH YOU SHOULD NEVER DO!!!
So... they can trash HIS credit file (sounds like it has been already...) but they can't just turn up and take TVs and cars etc... doesn't work like that.
So - what to do next...
Send them a letter saying that from now on your husband will only communicate with them in writing, if they call tell them the same thing, and stop even responding to any requests for YOUR details. You are NOTHING to do with this debt! They have no rights to ask for your details or income etc.
Your husband can do his own SOA for them and advise them that all he can afford right now is a token payment of £1 - as soon as his health improves he will ofcourse update them and increase his payments accordingly. If in doubt get help from one of the charities in my signature

molerat

In that case anything they do cannot affect you unless you wish to take out joint credit in the future. It is your husbands debt and it is up to him to pay it. If he cannot pay then they will have to take what they are offered. YOU do not have to justify any of YOUR income or expenditure to them. As has been mentioned previously do not pay by card. Standing Order or cheque from your husbands account is the best way, that way they cannot take anything extra.

dogfish12

Hello Mezrie: As long as your husband gained the loan solely in his name then it his purely his own responsibility. Asking you for joint statements of income et al is sharp practice. They are trying it on. My partners deceased husband ran up debts on c cards of £20,000. But they were solely in his name. The companies came looking for the money out of the estate but could not get anything because the cards were solely in his name but they tried it on for years. If you volunteer money then they will take it. Citizens advice seems a good place for something like this. I love my Mrs, but I'd never have joint cards with her, lol.

CLAPTON

does your OH have any assets ..like a property?

welshmoneylover

I feel for you hun, but agree with other posters. Its not your debt and whatever you do DO NOT GIVE THEM YOUR BANK/CARD DETAILS.

Good luck to your hubby in his recovery.

dogfish12

Hello Birkee, As I understand loans there are secured and unsecured. A secured loan is generally against your property. Unsecured against the person/persons, not against any assets. A debt company could not come looking for the money from his half of the equity in the house (hypothetical because there is no mortgage in this case) unless both joint mortgage holders had signed the secured loan papers. As to tellies, beds, and all that not sure.

sp1987

Concentrate on paying off the loans in your name and keeping your credit rating good so one of you has good credit. You have no liability to pay his loans, write to them and either tell them to communicate in writing or to accept £1 a month if that is all he can afford and you want to keep paying it in the interim. It is not your debt to pay, although you are being very supportive in trying to help him.

I cannot stand it when loan companies do this. I had someone who obviously thought I was a complete plonker who would believe anything asking me to pay a few thousand pounds for someone I've neither met nor heard of who just happened to have the name of somebody who lived here before I did. Goodness even knows if it was even the person who lived here before me or if that was just a fishing expedition regardless. :rotfl:

RAS

And please can you check whether he had any form of payment protection insurance.

MrsTinks

dogfish12 wrote: »

Hello Mezrie: As long as your husband gained the loan solely in his name then it his purely his own responsibility. Asking you for joint statements of income et al is sharp practice. They are trying it on. My partners deceased husband ran up debts on c cards of £20,000. But they were solely in his name. The companies came looking for the money out of the estate but could not get anything because the cards were solely in his name but they tried it on for years. If you volunteer money then they will take it. Citizens advice seems a good place for something like this. I love my Mrs, but I'd never have joint cards with her, lol.

Unsecured debts CAN and SHOULD be paid from the estate upon the death of a debtor... there are certain things which come before such repayments like cost of funeral and secured loans - but the creditors are absolutely allowed to make a claim on an estate if there is one... sorry.