Loan responsibility

Problemchild

Hi I took out a loan for my now Ex, I have no written agreement he will pay it back and now he's saying it was a gift. What can I do?

PC

Tixy

Hi

Very little you can do legally. You need to make the repayments on the loan you took out.
Unless you can prove that you gave him a loan and that it was intended he would repay you then you options will be very limited.

You could try to get him to reconsider paying you something back towards it - do you have anything you can use as bargaining power with him? any of his possessions still that you could sell (or threaten to)?

bris

Has he made any payments towards it that you can prove? If he has then his actions can prove it was not a gift, as you wouldn't make payments to it, if it was a gift. A small claims action would then be your only recourse, but it is cheap and easy to do, if it's under 5k.

Problemchild

It's 15k he paid payments when we were living together but it was a bulk payment which included everything, Mortgage, food, bills etc. It wasn't separate payments.

PC

somethingcorporate

Nothing you can do then.

Chalk it up to experience and move on.

DCFC79

As others say theres not much you can do,

LovelyLeeds

Problemchild wrote: »

Hi I took out a loan for my now Ex, I have no written agreement he will pay it back and now he's saying it was a gift. What can I do?

PC

If you have any evidence at all ie, regular repayments, emails acknowledging the debt etc., you might be able to scrape a court case together, but if he's not paying you now, he's certainly not going to pay you if you take him to court. Sadly some people couldn't care less about CCJs - which from the tiny bit of information you've given us, is all you'd get.