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Help, I took a loan, but I family member hasnt paid it back

Jacod_Kreed
Jacod_Kreed Posts: 6 Forumite
First Post
in Loans
A friend (who lives in the UK) took out 50,000 Euro loan from a Slovakia for her Aunty to get a mortgage in the UK.  This was 10 years ago.....  
Much to my friends horror, she has found out her Aunty never paid it back.  And the bank has now contacted my friend who took the loan out.  What can she do, could she be arrested, how can she get this resolved.  The person in questioned did not use the money only her auntie and is on a low wage .
«1

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Your friend needs to pay it back. 

    Whether she can get anything from your aunt is a separate matter.
  • Hasbeen
    Hasbeen Posts: 4,404 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Jacod_Kreed said:
    A friend (who lives in the UK) took out 50,000 Euro loan from a Slovakia for her Aunty to get a mortgage in the UK.  This was 10 years ago.....  
    Much to my friends horror, she has found out her Aunty never paid it back.  And the bank has now contacted my friend who took the loan out.  What can she do, could she be arrested, how can she get this resolved.  The person in questioned did not use the money only her auntie and is on a low wage .
    It took the bank 10 years to ask for repayment??

    Can you tell us which bank?
    The world is not ruined by the wickedness of the wicked, but by the weakness of the good. Napoleon
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
     Jacod_Kreed said:
     And the bank has now contacted my friend who took the loan out.  
    That's normal practice. The mortgage will be in your friends name not the "Aunty".  Your post suggests a lack of understanding. 
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Anyone think this is a wine-up? Look at the OP name carefully.
  • Hasbeen
    Hasbeen Posts: 4,404 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Your post starts with I took a loan? Then states a friend took a loan?
    Who ever took the loan out?  it will be in their name and if outstanding the
    bank will pursue that individual to get money back. Where any payments made? If so what amount is still outstanding?
    The world is not ruined by the wickedness of the wicked, but by the weakness of the good. Napoleon
  • Jacod_Kreed
    Jacod_Kreed Posts: 6 Forumite
    First Post
    jonesMUFCforever said:
    Anyone think this is a wine-up? Look at the OP name carefully.
    Not a wind up , this name is from a book I wrote, its on Amazon......
    I told my friend she must pay back, and talk to bank , I just want some options
  • KatrinaWaves
    KatrinaWaves Posts: 2,944 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Jacod_Kreed said:
    jonesMUFCforever said:
    Anyone think this is a wine-up? Look at the OP name carefully.
    Not a wind up , this name is from a book I wrote, its on Amazon......
    I told my friend she must pay back, and talk to bank , I just want some options
    That is the only option.
  • zippygeorgeandben
    zippygeorgeandben Posts: 1,277 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Debt-free and Proud!
    I give it one star.
    Savings as of April 2023 Savings account - £26460.50(14474.88)Current account - £2140.24(4576.79)Total - £28600.74(19051.67) £1010 (£65pm CS/BS) £250 CS/BS/JS
  • Brock_and_Roll
    Brock_and_Roll Posts: 1,207 Forumite
    Part of the Furniture 1,000 Posts
    Just to be clear OP, you or your friend are not going to be arrested for a civil debt!
    So how much is the debt? What is the property worth? What assets and income are there?

  • Dr_Crypto
    Dr_Crypto Posts: 1,211 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    The loan company is in Slovakia and the friend who took out the loan is in the UK? 
    I guess the friend needs to find out how debts are handled in Slovakia. In theory the Slovakian bank could enforce the debt in the UK although that is pretty difficult. 
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