i had a policy with someone but it was in her name and she is claiming that it was in mine, and now i am lumbered with her debt and she has made no attempt of paying anything even though it is her debt, what advice can you give me?
2007-06-23 11:12:31 · 18 answers · asked by jacqueline n 1 in Business & Finance ➔ Personal Finance
Look at the bank statement that comes in the mail. If her name is on it, forget about it. If your name is on it, you better start paying some bills
2007-06-23 11:15:47 · answer #1 · answered by andy42s 3 · 0⤊ 0⤋
Get onto the company who sold you the policy & check who's name it was in. If you were married to this person, I would get to the Citizens Advice/Solicitor (who offers a free 1st consultation) coz as I found out being married you each are responsible for 1/2 the debt. If it is in her name only, sign a statement, witnessed by your/a solicitor, stating that you do not stand by her debts. And do it QUICK. Good Luck.
2007-07-01 01:58:22 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I was in the same boat.
If you want to preserve your credit, you gotta pay it.
Call the company to make payment arrangements, even if they are small ones. Make sure you are paying enough to cover all the interest and then some principle.
Increase your payment on your smallest balance bill first. Pay more every month til it's gone. Then you will free up that cash for your other bills.
Do the same thing again. Pay down smallest bill etc. Increase $ amt of payments.
Etc.
Anyway it happened to me when my ex & I had signed for a car loan when we were still together. He kept the car & title but didn't make the payments. Then it got repoed and went on both credits. Until I paid it.
2007-06-23 11:17:39 · answer #3 · answered by pizzapie 2 · 0⤊ 0⤋
Hi!
If you are in UK, try National Debtline or contact a local agency providing debt counselling, such as Welfare Rights, Citizens Advice or a law Centre - your local library can tell you where to find them.
If the other party is trying to convince you that things are other than they are, one of these agencies will soon put you both right.
Good wishes.
2007-06-23 11:24:25 · answer #4 · answered by pilgrimspadre 4 · 0⤊ 0⤋
If you are looking for DEBT ADVICE try this website for a No Obligation Free Advice.
http://www.direct-debt-management.com
2007-07-01 01:00:33 · answer #5 · answered by Amy 1 · 0⤊ 0⤋
dont pay you cant go to prison they cant hit you and after 5 years the debt gets wiped anyway please dont stress there idle threats that you should just dismis
take this as va lesson learnt women and credit is not for you shes an evil cow to leave you lumbered
she will get pooed on one day and you'll be laughing
ignore it all hun
2007-06-23 11:22:42 · answer #6 · answered by bullbusbutt 5 · 0⤊ 0⤋
If the debt is in your name, then you have to pay it - otherwise it will show on your credit report as a default, and even if you subsequently settle with the company, it'll say on your record for five years.
You can take her to court to get her to pay you what she owes you - if you can show that was your agreement.
2007-06-23 11:21:08 · answer #7 · answered by RM 6 · 1⤊ 0⤋
She either is or is not on the policy. If she is she is responsible as well as you. If not and you let her run up the debt you might take her to civil court but that might not be to your advantage depending on circumstances.
2007-06-28 07:55:11 · answer #8 · answered by Anonymous · 0⤊ 0⤋
You need to look at the credit agreement. If you signed it you are liable. If you both signed it - you are both liable (not half each - either or you will have to pay the whole amount).
So first all you need to check the agreement to see if you are liable for this debt. If you are, email me.
2007-06-23 21:03:14 · answer #9 · answered by Johnny 7 · 0⤊ 0⤋
What do you mean it was in her name but she claims it is in yours? If it actually is in her name, no one will try to collect from you. If it is in both your names, you are liable. Who actually ran up the debt is legally irrelevant.
2007-06-23 14:48:56 · answer #10 · answered by STEVEN F 7 · 0⤊ 0⤋