We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Joint Loan Dramas
Hello All!!
Looking for any experience or advice here, my GF took a joint loan to buy a car with her Ex, the eX done one with car two years ago and has since stopped paying and with recent conversation with loan company confirmed the car was repossessed by the loan company. There is no communication with my GF and her ex what so ever. The loan company are saying there is ~6k outstanding as a settlement or ~10k including interest.
My question to you all if I may humbly ask. Is there a way to buy her self out of the loan, pay half etc. He has no interest in paying towards it from what the finance people say. We want to clear the credit history and build up a clear one. Any ideas very greatfull received.
Thanks!
Looking for any experience or advice here, my GF took a joint loan to buy a car with her Ex, the eX done one with car two years ago and has since stopped paying and with recent conversation with loan company confirmed the car was repossessed by the loan company. There is no communication with my GF and her ex what so ever. The loan company are saying there is ~6k outstanding as a settlement or ~10k including interest.
My question to you all if I may humbly ask. Is there a way to buy her self out of the loan, pay half etc. He has no interest in paying towards it from what the finance people say. We want to clear the credit history and build up a clear one. Any ideas very greatfull received.
Thanks!
0
Comments
-
She can ask.
It happens, but very rarely.0 -
Sadly in a joint agreement if one half does a runner they will pursue the half who hasn't .0
-
Best option I see is to find the money to pay the £6k settlement figure.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards