I currently share a joint tenancy in rented accommodation with my gf who has recently suffered mental illness & is in recovery. I am currently her carer. The problem is she has an unsecured personal loan (in her name only - which she had before I met her) and currently cant afford the usual monthly repayment due to her being ill & on benefits & I have no money to pay her loan with. The issue is that about 99% of the items we have in our home belong to me and not her and i'm wondering if things turn really nasty with the bank involved how can I protect myself against my stuff being taken? I have a lot of computer equipment, audio, TV and games consoles which I don't want taken. We have already contacted her bank to try to arrange a smaller repayment temporarily while she is in recovery but they still wont accept it! B*stards! Their only solution is to charge her and make her more overdrawn. Would appreciate some advice. I can provide some invoices/receipts but some items are s/h! Help!
2007-12-24 16:29:08 · 5 answers · asked by jasybee2000 1 in Business & Finance ➔ Credit
I say get a lawyer, and get her on full disability not just the dole then they will have no choice.
She can always come off.
I do not know about your country, but it seems that you need to show receipts to prove that the stuff is yours or take photos of what is yours and then get renters insurance on that stuff and submit photos to agent.
or try to get the lease re-written with it just being you.
2007-12-24 16:39:12 · answer #1 · answered by Existentialist-Fever 3 · 0⤊ 0⤋
Are you in the uk the if so unless its a secured loan you dont even need to let the baliffs in! They actually have no legal right to take anything unless its a debt from the council or government. I know this from experience. Theres a company called the CCCS ive put a link with this. They are great to discuss anything monetary with. What this will probably says is that you advise the bank that your defaulting on the loan then either they will work out a budget plan. If you do default and cant pay the worst they can do is take you to court the court will see that she doesnt have the money and will either right it off or make a payment plan for as little as £1 pw. We have 48k unsecured, due to change of life and stupidity and cccs have sorted it out. if your in the us them I am not sure, sorry.
2007-12-24 17:01:39 · answer #2 · answered by jintyyt 3 · 0⤊ 0⤋
If anything belongs to you and you can prove it by receipts or say it/them was given as presents, NO ONE can touch it. Your credit may be damaged and you may find it hard to get further credit as - in this case - it's the house NOT the people who live there. Ask you bank manager to make sure......I beleive that a court order must be obtained by the bailiffs before they can remove any goods. I hope it all turns out OK for you. .. Happy Christmas, if you can.
2007-12-24 16:58:06 · answer #3 · answered by racey-pacey 6 · 0⤊ 0⤋
They can take everything in the porperty regardless of who says owns it, unless of course you have receipts that prove that you bought the item, if you can't prove ownership I'm affraid they will take it. Unlike some nations we don't tend to keep receipts that much.
As far as the debt is concerned is you need to address it by either approaching the bank and/or Citizens Advice Berau (CAB) for some advice.
2007-12-24 17:37:52 · answer #4 · answered by Anonymous · 0⤊ 1⤋
they can take anything that is bought and paid for in her name that belongs to her,they cannot touch anything that belongs to you!although they may try,but you got to stand up to them and tell them its yours and they cant take it.they should *uck off after that.
2007-12-24 16:49:38 · answer #5 · answered by fozz 4 · 0⤊ 0⤋