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joint loan
If a joint loan was taken out at Barclays in approximately 2005 surely the bank would have to see or speak to both parties?
The loan was taken in joint names by my partners ex when they were a couple without my partners knowledge. I assume she signed the agreement on his behalf. The loan then went into arrears and this came to my partners attention after their separation. He then queried it with the bank and was told the loan was agreed based on savings my partner had in his sole name. After repeated requests for payment and no contact from his ex my partner settled the loan in full. This just doesn't seem right. Are Barclays in the wrong here for not ensuring my partner was aware of the joint loan? Is there anything he can do?
The loan was taken in joint names by my partners ex when they were a couple without my partners knowledge. I assume she signed the agreement on his behalf. The loan then went into arrears and this came to my partners attention after their separation. He then queried it with the bank and was told the loan was agreed based on savings my partner had in his sole name. After repeated requests for payment and no contact from his ex my partner settled the loan in full. This just doesn't seem right. Are Barclays in the wrong here for not ensuring my partner was aware of the joint loan? Is there anything he can do?
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Comments
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It's something to speak to a solicitor about - if someone forged your partner's signature then that is fraud.
Barclays should have a copy of the credit agreement, ask them to provide it0 -
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Joint and several liability means the bank can chase both parties to a loan.If a joint loan was taken out at Barclays in approximately 2005 surely the bank would have to see or speak to both parties?
The loan was taken in joint names by my partners ex when they were a couple without my partners knowledge. I assume she signed the agreement on his behalf. The loan then went into arrears and this came to my partners attention after their separation. He then queried it with the bank and was told the loan was agreed based on savings my partner had in his sole name. After repeated requests for payment and no contact from his ex my partner settled the loan in full. This just doesn't seem right. Are Barclays in the wrong here for not ensuring my partner was aware of the joint loan? Is there anything he can do?
She might well have committed fraud by signing his name but he will find it very difficult to explain why he was happy to pay it off.0 -
" After repeated requests for payment and no contact from his ex my partner settled the loan in full. This just doesn't seem right. Are Barclays in the wrong here for not ensuring my partner was aware of the joint loan? Is there anything he can do? "
Not unless he fancies suing his ex for the money. And she probably doesn't have it anyway so there is not much point.0
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