Help wanted urgently

sallywoo

situation is many years ago while my ex-husband was self employed we as a family ran up some debts as you do, 1 debt of £4000 i took with me when we seperated but he took a much smaller debt of £1200 while I have been slowly paying of my debt with no hastle the problem is with his this is in the form of an overdraft with a well known bank.

Although we are seperate the bank still catogarise us as a couple as this is in joint names and no divorce has happened we both get letter at our own addresses. An agreement was made for him to pay £20 per month but charges are incurred and its never gona be paid off so we made a trip to the bank but the cant help and its back with collections and the nasty letter and calls are starting again.

Advice needed urgently

InsideInsurance

Whilst loans typically cannot be transferred into one name I have never heard of a current account (and its associated overdraft) being locked into joint names. When I split with my ex we removed her from the current account and the overdraft just went into my name. The loan we had to leave in joint names as it wasnt worth applying for a new loan in just my name at that point in time.

Which bank is it? Have YOU spoken to them about removing your name from the current account? Normally there is just a form to fill in and both parties sign to separate the account.

madgagoo

If there is a possibility that there will be problems with the overdraft being repaid, then the bank will decline to remove either party from the account.

Think about it from the bank's point of view, why would they give up the option of getting repayment from either party and let one person take on the debt? Only if they were confident that the remaining party will repay.

Unfortunately there is not a lot that you can do to stop the debt collection procedures, other than stick to the agreement. If you ex is unable to make the repayments then this responsibility falls to you.

The second option is to ignore the letters and phone calls, they will eventually give up (possibly) or take things further eg CCJ (probably).

Sorry, I expect that's not what you wanted to hear.

You can ask the bank to remove your name (as second poster says, form to be signed by both of you). The worst they can do with this request is say no.