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Removing Name from Lloyds TSB Loan
Comments
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It might simply be interest and charges.we assumed she'd taken more money out
If the ex won't / can't deal with her responsibilities soon, I think your husband is going to have to make a decision.
- Pay it up in full, get the account closed and stop the matter escalating.
- Make an offer to the bank in full and final settlement (perhaps for a small percentage of the balance due).
- Refuse to pay and accept the likely trashing of his (and possibly your) credit file, the possibility of a charging order on his home if he is a property owner.
Rather you than me.0 -
It's bound to be going up (considerably), sounds like nobody is throwing any money at it.
The assumption the ex has found a way to borrow against it may not be the case.0
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