Loan taken out using home address

Lifeforms

You wont have a hope to get your names off any guarantee of payment. She will need to move out, and thus end the agreement. She naturally wont do that if you she has bank of mum and dad to clear up her "little issues"

You are either in it for the long haul an be very prepared to pay right until the end (agreement of the LL/LA/whatever she's renting) or until you withdraw the bank access which legally wont be before her agreement ends. Sorry but your partners name will not come off until the end, and will be liable for potentially a lot of cash if she's already in arrears.

I suggest you post this problem on the housing section, and see if there's any way to help with it. But they will say the same, that bailing her out won't help it, or her.

sharpy2010

She sounds a right selfish little madam.

Have a word with her and tell her she can't continue to be like this.

redpete

sorethumbs wrote: »

Wise words but not that easy, its like talking to a child when we cover these issues just sulks and says 'I know'. We have stressed the importance of finding a job for months now it seems.

Does she realise that debt problems can remain on her record for up to 6 years? And that employers in the legal profession might look at credit records and not be impressed by evidence of problems (and "I was a student then" might not be a good enough excuse)?

We are probably at the point now of trying to remove my partners name from being guarantor although we're not sure if it can be done

Having a guarantor will be a condition of the rental agreement - the landlord will know that students are not the most responsible tenants. You are equally liable for the debt and likely to be the one that the landlord comes after as they know you are more likely to have cash / assetts to settle the debt.

FireWyrm

Wow, she doesnt sound like she has grown up at all.

Unfortunately, you are stuck with the guarantor noose around your neck but if I were you, I'd cut her off from the gravy train as much as possible. I know she's your daughter but this situation really is intolerable and she needs to understand that you cannot do this for her.

Sadly, this sort of behaviour appears to be common among the young recently. You need to deal with it decisively and now or you will be dealing with a far bigger problem in a years time.

sorethumbs

If she leaves her student accommodation and ends the agreement with that particular association I guess we will no longer be guarantors and then she can source her own guarantor (we sure as hell won't agree again). Sounds selfish but when your daughter refuses to take responsibility for her actions there is only so much we can do with limited income.

sharpy2010

sorethumbs wrote: »

If she leaves her student accommodation and ends the agreement with that particular association I guess we will no longer be guarantors and then she can source her own guarantor (we sure as hell won't agree again). Sounds selfish but when your daughter refuses to take responsibility for her actions there is only so much we can do with limited income.

Thats not selfish, she is the one who has been selfish, and landed herself in the position where her parents won't help her again.

You sound like you've given her every chance possible, she is the one who has blown it.

Apples2

sorethumbs wrote: »

If she leaves her student accommodation and ends the agreement with that particular association I guess we will no longer be guarantors

Depends how long the contract was for her accomodation. It is normal for it to be the entire first term so even if she leaves early, you have to pay until the end (unless you can find an alternate tennant prepared to take it over)

My ex agreed to be guarantor for our daughters Uni accomodation, only £1,100 per Month :eek:. This was after I flatly refused and said she must find cheaper.

Muggins here ended up paying nearly £6.5k in one year playing catchup. I bailed them out at the last minute but they were both lucky I could afford to. Didn't much care about my ex's credit file but I do for our Daughters.

I can't quantify how many lectures little Apple has received about budgeting, payday loans etc. :rotfl:

DCFC79

Apples2 wrote: »

I can't quantify how many lectures little Apple has received about budgeting, payday loans etc. :rotfl:

Thanks for that.
Made me smile :beer:

[Deleted User]

Apples2 wrote: »

I can't quantify how many lectures little Apple has received about budgeting, payday loans etc. :rotfl:

Looks like they do sometimes fall far from the tree.

FireWyrm

Deleted_User wrote: »

Looks like they do sometimes fall far from the tree.

Damnit, you beat me to it.