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Am I responsible for Husbands Debt ?

TWINKLIE_2
TWINKLIE_2 Posts: 4 Newbie
in Loans
My husband and i have been separated for almost one year and are trying to sort out financial matters at the moment. it has come to light that my husband has loans that i did not know about and are in his name only. Am i responsible for his debts?

any advice would be appreciated.

Comments

  • opinions4u
    opinions4u Posts: 19,411 Forumite
    You are not personally liable for the loans.

    If you have any joint accounts (not savings) that creates a financial relationship that could impact your credit file.

    If there is a divorce settlement at some point you may end up with less than you expect because of the debts.
  • Infidel
    Infidel Posts: 1,226 Forumite
    Just our of interest, are there any benefits to having a joint account? As I can't think of any, especially since NOTHING lasts forever :o
    Instigated terrorism the road to dictatorship.
  • CLAPTON
    CLAPTON Posts: 41,865
    10,000 Posts Combo Breaker
    Forumite
    Infidel wrote: »
    Just our of interest, are there any benefits to having a joint account? As I can't think of any, especially since NOTHING lasts forever :o


    yes there are benefits especially as nothing lasts for ever
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  • jamespir
    jamespir Posts: 21,456 Forumite
    no youre not he is unless they are in joint names
    Replies to posts are always welcome, If I have made a mistake in the post, I am human, tell me nicely and it will be corrected. If your reply cannot be nice, has an underlying issue, or you believe that you are God, please post in another forum. Thank you
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898
    Part of the Furniture 10,000 Posts Name Dropper
    Forumite
    Whilst I agree with all previous replies I advise caution and make sure that your solicitor is aware of these loans as he could turn round and say that he spent the money on your behalf - and try to get you to pay.
  • antrobus
    antrobus Posts: 17,386 Forumite
    Infidel wrote: »
    Just our of interest, are there any benefits to having a joint account? As I can't think of any, especially since NOTHING lasts forever :o

    Yes and no. It depends which one of you has the most money.
This discussion has been closed.
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