18 yr old son in debt

dizzydolly

my 19 yr old son has got himself in debt with catalogue and pay day loans , he works but hes an apprentice and cant pay it off , he wants me to guarantor him a big loan to pay them all of but hes been a real nasty piece of work with me for years now and I really don't want to , even at this moment im getting aggression from him , he thinks he can bully me into signing , im determined not to but now he says the baliffs can come and take my things if I cant prove theyre mine , im beside myself in grief at this moment .
does anyone know if they can do this ?

Richey_

Kick him out, if he doesn't live there they can't touch anything

Richey_

If he is such "a big man" let him learn the hard way

abuttyout

Don't get him a loan.

If bailiffs do turn up, let them empty his bedroom.

tallyhoh

If you do act as guarantor you will be responsible for his debt when he defaults on the loan (which I am sure he will). Action can be taken against you then, please don't do it.

theoretica

abuttyout wrote: »

Don't get him a loan.

If bailiffs do turn up, let them empty his bedroom.

Don't let the bailiffs in - but you could offer to carry his stuff out for them.

Arleen

theoretica wrote: »

Don't let the bailiffs in - but you could offer to carry his stuff out for them.

Although when you do so, make sure they are nowhere near the open doors or they may decide to let themselves in. And that creates a messy situation.

And I'm sorry to hear about your problems, and I agree with the above of kicking him out, I was rather troubled youth and getting that boot out of house was the wake up call I needed.

sourcrates

I would strongly advise you not to do this.

As things stand, using a county court bayliff to enforce a county court judgement is just one option a creditor has.

You son has to be taken to court first, then have a CCJ registered against him, in order for the above to happen.

You do not have to let a bailiff into your house, they cannot force entry to private premesis, for consumer credit act debts.

So you have nothing to worry about on that score.

But, if you sign as guarantor for this loan, then you become 100% liable for it when your son defaults, and that would be 20 times worse that the situation you are in now.

Please do not sign for this loan.

Karonher

Sorry but I agree with the others- don't do it. It is a risk when it is for a kind and caring child but as you admit he is nasty and aggressive, just change the locks and arrange for him to collect his belongings.

January2015

If you guarantor a loan for your son he will never learn. He is likely to default on that loan and it becomes your problem. Meanwhile you can bet your bottom dollar he will be racking up more debt and trying to dump it at your door. You need to start being strong and saying no. If he really cannot pay the debts point him in the direction of one of the debt charities. Tell him to contact one of them as soon as possible. It will trash his credit record, but it sounds as if he's doing a good job of that himself, and to be honest it may not be a bad thing if he cannot get credit in future until he has learnt how to manage to live within his income.

PasturesNew

Don't do it. He'll have, and wield, more power over you as he stops paying and YOU have to pay - and he'll still threaten you that the bailiffs are coming ... and you'll sign another - and, you know what, one day they WILL come....

You need to stop this now.

NOW.