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!
Secured loan
Helcox
Posts: 3 Newbie
when i was married i took a secured loan out with my ex on a propery that i was not named on.Even though i signed the agreement on this loan and i am now divorced no longer at thjat address is there any way my name can be removed as my ex has agree to make payments.l have noticed he has defaulted on payments and its affecting my credit score.l cannoit work due to a long term illess so therefore cannot make any paymnents.
0
Comments
-
The only way is for him to get a new loan and pay off the first.
However, if he's defaulting on payments, that probably isn't going to happen.0 -
Cant see that happening as its £13,000 and he has bad credit.Just wondered as im not named on the mortgage but thanks fort reply0
-
when i was married i took a secured loan out with my ex on a propery that i was not named on.Even though i signed the agreement on this loan and i am now divorced no longer at thjat address is there any way my name can be removed as my ex has agree to make payments.l have noticed he has defaulted on payments and its affecting my credit score.l cannoit work due to a long term illess so therefore cannot make any paymnents.
Your score is only seen by you, what has been impacted by the defaults is your credit history.
Has he caught up with the payments or still behind ?0 -
i think he has i just get letters every so often about him not paying on time.Sorry i didnt mean my credit score is being affectede by defaults i just wanted it off my account as its such a big loan0
-
i think he has i just get letters every so often about him not paying on time.Sorry i didnt mean my credit score is being affectede by defaults i just wanted it off my account as its such a big loan
As your named on the loan your both liable for it.
When you took the loan out were you working ?0 -
What arrangement did you agree too when you divorced ?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards