son and partner have split they have loan in joint names she cannot pay her share is he liable for her debt?

Question

would my son be liable for xpartners share of joint loanif she cannot pay her half

Answer 1

They are both liable for the debt.

The lender wants the money back and will not be interested in who is repaying the loan. Your son can not pay half and then tell them to get the other half from his ex partner. They both signed the credit agreement stating that they would take responsibility for the payments jointly and individually.

If the loan defaults they will register debt against both parties.

Answer 2

It is not HER debt. It is THEIR debt. Both are liable for the FULL amount. After he pays the creditor, he may have a case to collect from her. The creditor can and will collect from whoever is easiest to get the money from.

Answer 3

there's no such component, legally, as a Joint financial company account without your awareness as the two events could sign beginning records and supply specimen signatures. consequently in the experience that your companion has opened such an account by potential of definition he has forged your signature and comitted a criminal offence. in case you probably did not sign any records or provide a specimen signature you have not have been given any criminal duty. Write a ideal letter to the financial company disclaiming all awareness and tell them that an act of fraud has been commited and which you have stated the difficulty to the Police who require information from the financial company to enable them to proceed with an learn. save directly to declare on an identical time because it is being executed any added series action by potential of them is unwarranted harassment of an harmless social gathering and which you will make a ideal criticism to the banking Ombudsman if it keeps. deliver your letter by potential of Recorded shipping and save a replica.

Answer 4

They are BOTH liable, but if she doesn't pay it damages both their credit records.