please please can anyone help me? only useful answers please as i am not in the mood for anything funny!
I took a loan out in June, NOT FOR ME, thats the stupid bit! i was promised to get the money back each month but as yet havent had a single penny, now the loan is obviously in my name but was used to pay off A LOT of bills for my boyfriend!anything at all i can do about it???
2006-12-01 01:38:16 · 15 answers · asked by ntsh_potter 2 in Business & Finance ➔ Personal Finance
Nothing you can do I'm afraid - the loan is in your name and by signing for it you are responsible for the repayments. You could take the person to the small claims court but it is unlikely you will be successful and you will incur further debt. NEVER ever take out loans for others.
Best Wishes xxx
2006-12-01 01:42:27 · answer #1 · answered by Anonymous · 1⤊ 0⤋
I think that you should start by getting that money from your boyfriend!!! I understand that you may have been trying to help him, but... In the mean time, I guess all you can do is talk to the bank, try to bide time, so you can research, jusy explain there is a cash flow problem at the moment. Sometimes they can be ok, as long as you talk with them about it. I would not tell them you spent the money on your boyfriend though. The problem is, you are now bound by that contract that has YOUR name on!! What were you thinking? I hope you find a way out of this. And stop being your boyfriends mother!! Tell him to pay up right now!!
Do you have any papers as evidence? Maybe you can see a lawyer or something?
Good luck!!
2006-12-01 01:50:48 · answer #2 · answered by claudine sophia 2 · 0⤊ 0⤋
Legally you are responsible for the loan.
It depends on how you gave the money to your boyfriend. Did you give it him in cash? Did you write cheques (or use your card) to pay his bills.
If you can prove that you gave him the money (or you paid the bills and they were in his name) then you may be able to prove implied verbal contract and take him through the small claims courts for your money back.
Contact CAB or a solicitor (check for one that gives fixed price first interviews) and explain the situation. They will be able to give a better answer than me.
Unfortunately, if you gave him the cash, then this will be really difficult to prove as it will just show as a withdrawal.
Best of luck.
2006-12-01 01:45:32 · answer #3 · answered by Valiant 3 · 2⤊ 0⤋
Sorry to hear about your troubles, A similar thing happened to a mate of mine. She got stuck with a pocket full of hefty bills even after they broke up. My advice: Its kinda late now that its in your name, but you need to try and persuade him to start dishing out the dosh basically, if you get really desperate or they start clamouring for their money, try the citizens advice bureau, they can point you in the right direction or suggest a place to get free debt advice. You should try to pay if you can though, it looks better for you if you make an effort to pay anything at all.
2006-12-01 01:47:24 · answer #4 · answered by Tamzi 3 · 0⤊ 0⤋
oooh yuk! How much was the loan for? I know in Ireland if the amount isunder 7000 euro or something you can go to the small claims court for about a tenner and get a judge to rule on the matter. it's like judge judy basically. but other than that you're going to have to send him a solicitors letter or something. are you still going out with him? if so get on his case about it......... don't put up with that treatment! you're his girlfriend not his mother!!!! his ma probably wouldn't do it for him anyway!
2006-12-01 01:53:06 · answer #5 · answered by Sinead G 3 · 0⤊ 0⤋
Sorry hun, my ex husband did that to me, you are stuck with it, if it's causing you financial difficulties I suggest you approach the lender, explain your situation and ask if they could extend the repayment period until you sort yourself out. I don't think you're stupid, you've just been taken in by someone you trusted!! Remember in future, "neither a lender or borrower be", not for anyone, and learn by this error of judgement. Good Luck. xx
2006-12-02 04:30:13 · answer #6 · answered by RUTH M 3 · 0⤊ 0⤋
you have been silly havent you!!! but now you need to take action, first thing you need to do is prove the fact that you gave it to your boyfriend ie. a paper trail then take this to your lawyer/solicitor and take a case against your boyfreind for the amount you gave him and your cost of the court case if it goes that far
2006-12-01 01:54:49 · answer #7 · answered by Jeni 2 · 0⤊ 0⤋
no it is legal and binding in your name.
if your boyfreind counldnt get crdit in his own name and a lot of bills did you not stop and think that you would not see any payments from him.
cut your loses by cutting links with him
it is a dear mistake i know and hope you win a few quid to sort yourself out
2006-12-01 01:50:07 · answer #8 · answered by armaghmadman 2 · 0⤊ 0⤋
I did this once for a family member. Basically, unless agreed in writing you will have to pay, or you can take him to court but very unlikey he will be asked to pay as it was a verbal agreement.
2006-12-01 01:47:52 · answer #9 · answered by Annie M 6 · 0⤊ 0⤋
dont be nervous ,claim strictly to individual which promised you for money. ask for help to your friends in terms of loans ,tell about this to your boyfriend, HE MAY HAVE SOME SOLUTION. keep patience and believe in god take care
2006-12-01 01:57:38 · answer #10 · answered by bunty 1 · 0⤊ 0⤋