Advice needed please

slhunte3

Hi,

I was wondering if anyone can advise me on this situation.

When I was with my ex boyfriend I owed some money to different companies and he took out a loan in his name with his bank for £4000. he gave £3000 to me to pay off debts and used £1000 himself for some redecorating.

I paid him £105 a month for about 7-8months then we broke up and there was a gap of about 6 months where I didn't pay anything.

He was expecting a big bonus from work which he said he was going to use to pay the loan off but this was a while after we broke up so I'm not sure if he ever did this.

I have been paying £100 a month for the last 5 months because he started threatening me with court action for not paying.

I know I owe him the money and that's fine but he won't tell me how much I've paid so far, how much is left to pay and if the money is going to him now or the bank.

I'm also wondering if he can take me to court seeing as my name is not on anything to do with the loan?
It's jsut concerned me that I have let someone make me so afraid, it's not fair that an ex boyfriend should have so much power still.

Any advice would be greatly appreciated.

Thanks

Tixy

He could try taking you to court.
If there is no written agreement between you, or anything to say how much you borrowed from him and how much you both agreed you would pay back then its unlikely a judge would rule in his favour. It would be more likely to be seen as a gift.
If there is something written down - an agreement, letter or email, or even if you have written anything asking how much you still owe him then this would all add weight to his case if he did try to go to court.

Sounds like you know how much you've paid though, either £1235 or £1340? So therefore you either owe £1765 or £1660 still (assuming there is no written agreement mentioning an interest rate).
It doesn't matter whether he has paid off the bank loan or not, your loan was from him and so its him you owe.

bargainbetty

Keep your own records but do not send him a copy. At this point, don't acknowledge anything in writing if you can avoid it. When you can prove to your own satisfaction that you have repaid the money (it's up to you if you make an extra payment towards the interest, but you aren't obliged to) then stop paying and send him the statement if he complains.

If he is behaving threateningly, tell him to back off and leave you alone. Ignore him, he would stand very little chance of getting a formal court order against you, as there is no written agreement. Even if he writes a number down, he needs to prove it was agreed and recognise the payments you have made - unlikely isn't it?

Morally, you borrowed the money from him - you should repay him. He, however, lent it to you without duress and should stop being a d**k about it now you've broken up.

Good luck