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CMS and debt variation
GingerMum
Posts: 9 Forumite
After much research, I have discovered I can tell the CMS about a joint secured loan my ex has been paying for since I left the family home which they can consider in calculating his payments.
My question is, do they take the yearly payment from his annual income and work out CM payments on that?
Or do they split the loan payment 50/50 and reduce my entitlement by that?
Not an amicable situation we're in! I am trying to do everything fairly but so far no CM received so I will take that as me having paid my share till now!
Thank you
My question is, do they take the yearly payment from his annual income and work out CM payments on that?
Or do they split the loan payment 50/50 and reduce my entitlement by that?
Not an amicable situation we're in! I am trying to do everything fairly but so far no CM received so I will take that as me having paid my share till now!
Thank you
0
Comments
-
It is the yearly repayments that are deducted from gross so the reduction would be small.
However. They also look at what the debt is for. For example if you bought a car jointly but he is the one who is driving the car and you have no use of it then he would not get a reduction.0
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