Guarantor Help

MamaMoo_2

National_Debtline wrote: »

Hello there,

As the other have already mentioned your sister-in-law's mother is just as liable as your sister-in-law. Here in the UK we have a rule known as the the rule of 'joint and several' liability. In a nutshell, this means that either party can be expected to pay the amount in full.

if your mother-in-law is on a low income she should consider completing a financial statement with a view to making a monthly offer of payment based upon what is realistically affordable. This can be as low as £1 per month. How much is the debt?

We have a number of sample letters on our website, these are designed to ask that interest and charges are frozen. You can find them here: https://www.nationaldebtline.org/EW/sampleletters/Pages/default.aspx

If you require any further help please feel free to ask.

Best wishes,

David @ NDL.

Thank you. The debt is around £600.
I will direct SIL to your website to have a look at the sample letters etc. Thank you

spacey2012

Not to worry she can send a subject access request for a copy of all paperwork.]
What is the time-scale on this, are we talking over 6 years ?

somethingcorporate

I agree with spacey here, a quick SAR (or probably even just a phonecall) would result in a copy being sent out with the relevant T&Cs.

MamaMoo_2

spacey2012 wrote: »

Not to worry she can send a subject access request for a copy of all paperwork.]
What is the time-scale on this, are we talking over 6 years ?

I've advised her to send a SAR and found the relevant letter template online to request one, however she's going to go into branch first to see if they'll give her one in there.

She signed as guarantor in early 2009.

National_Debtline

MamaMoo wrote: »

Thank you. The debt is around £600.
I will direct SIL to your website to have a look at the sample letters etc. Thank you

My pleasure, if you have any further questions please pop them up - I'll subscribe to the thread.

David.