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Help re Car Loan
The only debt we have is a car from Vauxhall Finance, in my husband's name. If he dies before the end of the repayment term then can they come after me for payment? We have a joint bank acc but the car is in his name only. I would be left on basic pension plus pension credit - so no spare money available at all. I am not sure if this is a personal loan or HP though.
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The debt is in his name, so would be settled from his estate. You wold have no personal liability.0
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TY zx81. So his estate would mean that I could sell his M/C to settle the debt ? And they would wait for that? And thank you.0
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By M/C, do you mean the car? Possibly, but it may be that Vauxhall would simply take it back. Given the circumstances, that may be the end of the matter.
They will wait a reasonable amount of time - they would just need to be told that they will be paid once the estate is settled, if there is sufficient remaining.
Your executor/solicitor would help you with the process.0 -
Sorry no I meant his motorcycle. But that is helpful re letting me know how things work, thanks
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