Was loan mis-sold

DCFC79

Southernman wrote: »

I don't understand what is 'missold' about this.

Maybe if the OP would come back they could answer that question.

OP sees 2 issues, 1 is the loan being miss sold and the loan being in her name only and not a joint loan. I do wonder why the OP is surprised the loan isn't a joint loan.

boo_star

DCFC79 wrote: »

Maybe if the OP would come back they could answer that question.

OP sees 2 issues, 1 is the loan being miss sold and the loan being in her name only and not a joint loan. I do wonder why the OP is surprised the loan isn't a joint loan.

OP seems to think that paying off a joint debt with a loan will automatically be done with a joint loan.

This is obviously not the case unless requested and even if it were, I'm not sure what the OP thinks it would achieve. Lenders often target the party that they stand the greatest chance of recouping their money from, which may well be the OP anyway. Other than perhaps ensuring the husband also gets their credit file dinged out of spite, I don't think the OP would have gained anything from this loan being a joint one.

bairn7

bigisi wrote: »

Something tells me the OP's not coming back.

Why would she come back, given the tone of the responses. It may be obvious to us that it wasn't a joint loan, but it may not have be obvious to her, even if it should have been.

See that big newbie sticker on her post? What happened to giving them the benefit of the doubt. Honestly this forum is nothing but people trying to get one up on others and/or appearing holier than thou.

Spadoosh's response is the only truly helpful one here...even if the loan was taken out in her sole name, matrimonial debts are just that.

phillw

rosiecat35 wrote: »

I approached my bank for a £3,000 loan last year to tide us over a few months whilst my husband was out of work. The bank advised a higher loan of £7,500 to pay off my (agreed) overdraft of £5,500 which made sense at the time as the charges were less than my overdraft fees.
My husband and I have now separated and I have discovered the loan is in my name only and my ex-husband is refusing to contribute towards the repayments.
As the loan was taken out to repay a joint overdraft I thought it was a joint loan - can I make a claim against my bank?

Twice you say "my overdraft", then it changes to "joint overdraft".

Did you sign paperwork? Did he?

Your divorce attorney should sort this out.

boo_star

bairn7 wrote: »

Why would she come back, given the tone of the responses. It may be obvious to us that it wasn't a joint loan, but it may not have be obvious to her, even if it should have been.

See that big newbie sticker on her post? What happened to giving them the benefit of the doubt. Honestly this forum is nothing but people trying to get one up on others and/or appearing holier than thou.

Spadoosh's response is the only truly helpful one here...even if the loan was taken out in her sole name, matrimonial debts are just that.

People do try to be "nice" but when faced with a constant onslaught of people who seem hellbent on not taking responsibility for their own actions (perhaps a sad reflection of modern society) it is hard to be sympathetic.

Either way the OP would not likely benefit at all if this were a joint loan instead so it's academic.

DCFC79

bairn7 wrote: »

Why would she come back, given the tone of the responses. It may be obvious to us that it wasn't a joint loan, but it may not have be obvious to her, even if it should have been.

See that big newbie sticker on her post? What happened to giving them the benefit of the doubt. Honestly this forum is nothing but people trying to get one up on others and/or appearing holier than thou.

Spadoosh's response is the only truly helpful one here...even if the loan was taken out in her sole name, matrimonial debts are just that.

The replies posted are the type I would say to someone I knew who were in the same situation as the OP.


I accept you think they are too harsh for a newbie.

foxy-stoat

bairn7 wrote: »

See that big newbie sticker on her post? What happened to giving them the benefit of the doubt. Honestly this forum is nothing but people trying to get one up on others and/or appearing holier than thou.

Newbie to the forum yes....newbie to life? NO.

If the OP was Clarke Kent who was sent here from Krypton who had no clue about how the banking system works, contracts, money and the law then yes, folk on this forum should of given more consideration.

glennstar

I can't help thinking the number of folks popping onto this forum is probably going to dry up. Whilst I can't fault the facts as stated, they have been delivered in a rather harsh and inflexible terms that is likely to put off the most accommodating OP.

SonOf

glennstar wrote: »

I can't help thinking the number of folks popping onto this forum is probably going to dry up. Whilst I can't fault the facts as stated, they have been delivered in a rather harsh and inflexible terms that is likely to put off the most accommodating OP.

An alternative view is that only a snowflake would take offence of what is written on this thread.

No-one has been rude. A few responses were to the point and direct but if anyone is taking offense of that then they are the problem. Not the people making the posts.

boo_star

boo_star wrote: »

People do try to be "nice" but when faced with a constant onslaught of people who seem hellbent on not taking responsibility for their own actions (perhaps a sad reflection of modern society) it is hard to be sympathetic.

Either way the OP would not likely benefit at all if this were a joint loan instead so it's academic.

SonOf wrote: »

An alternative view is that only a snowflake would take offence of what is written on this thread.

No-one has been rude. A few responses were to the point and direct but if anyone is taking offense of that then they are the problem. Not the people making the posts.

Agreed.

I don't like being blunt but sometimes that's what's required.

Blowing smoke up people's rear ends isn't helpful in my opinion.

Other people's mileage may vary.