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Posted: Sat Jul 30, 2016 1:00 pm
by Matthew.m
My IVA is paying my overdraft, but I am worried my wife will be roped in because of our joint account.
Posted: Sat Jul 30, 2016 1:07 pm
by kallis3
Hi and welcome,
Unfortunately if you have a joint account she will be liable for half of the overdraft and will have to pay some towards it.
Her credit record will also be tarnished.
Posted: Sat Jul 30, 2016 1:20 pm
by ginger323232
As Kallis as indication she will be liable, but for all the overdraft - minus and IVA payments made into it.
And because you have joint liabilities - you may find her credit report is damaged
Posted: Sun Jul 31, 2016 4:12 pm
by Michael Peoples
If your wife clears the whole joint she can claim within your IVA so bear this in mind too.
Posted: Mon Aug 01, 2016 9:49 am
by Lisa Thomas
Yes your wife can be asked to pay the whole balance of the overdraft by the Bank as it is a joint and several liability.
She should be prepared to receive a payment request.