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guarantor loan ... help??
collease88
Posts: 2 Newbie
in Loans
Hi
New to this site but hoping for a little bit of help.
I had a bad credit history from robbing peter to pay Paul and pay my dads mortgage when I was 18 long story but any way.
spent a very long time trying to pay these things off and recently ( 3 years ago )wanted to free up some money as I am now 26!! my partner at the time offered to co-sign a loan for me( we had been together 5 years owned a house etc but neither of us wanted to re mortgage) which he did . the interest rate was ridiculous and wish now I had of kept paying what I was but irrelevant .
the problem I now have is that since we broke up two years ago things have been terrible .. without going into too much detail there is harassment orders in place etc etc.
I am not in any which way trying to get out of paying for this loan and I wouldn't just stop paying for it despite what people say - he may be being difficult but he was good enough to help me at the time.
what I am trying to find out is if there is anyway that I can some how disconnect him from this loan? I have a track record of making the payments I don't have another guarantor though so I am guessing that its probably not an option. but if I provided the loan companies with details from the police the fact I have had to change home would they maybe help me? do a new loan agreement? my credit rating was so damaged from my younger years I still cant get a loan to clear it ... does any one at all have any idea if there is any body I can speak to ?
I am a little desperate to get him out of my life
New to this site but hoping for a little bit of help.
I had a bad credit history from robbing peter to pay Paul and pay my dads mortgage when I was 18 long story but any way.
spent a very long time trying to pay these things off and recently ( 3 years ago )wanted to free up some money as I am now 26!! my partner at the time offered to co-sign a loan for me( we had been together 5 years owned a house etc but neither of us wanted to re mortgage) which he did . the interest rate was ridiculous and wish now I had of kept paying what I was but irrelevant .
the problem I now have is that since we broke up two years ago things have been terrible .. without going into too much detail there is harassment orders in place etc etc.
I am not in any which way trying to get out of paying for this loan and I wouldn't just stop paying for it despite what people say - he may be being difficult but he was good enough to help me at the time.
what I am trying to find out is if there is anyway that I can some how disconnect him from this loan? I have a track record of making the payments I don't have another guarantor though so I am guessing that its probably not an option. but if I provided the loan companies with details from the police the fact I have had to change home would they maybe help me? do a new loan agreement? my credit rating was so damaged from my younger years I still cant get a loan to clear it ... does any one at all have any idea if there is any body I can speak to ?
I am a little desperate to get him out of my life
0
Comments
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You would need to contact a solicitor, but I would think not."Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0
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Is your credit in good enough shape now that you could borrow money from another source, at a better interest rate, and just pay off the guarantor loan?
That would lower the cost of the loan to you and your ex would no longer be a guarantor. That's a win win.0
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