oh god, im dreading it - but i cant help it - say if he comes slashing my tyres and trying to kill me!! oh i dont know what to say but there is nothing i can do - it would be the same if i lost my job or broke my legs and couldnt pay. im worried
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Is it a large debt? I expect you are thinking of worse case scenario but I doubt he would do that. He's going to be worried no doubt, but this happens to loads of people every year.
It could have been him that was in your position and then you would be the one liable. I am sure if he talks to that creditor they will be able to come to some sort of arrangement to repay the debt.
yes it is my largest 27K - a delinked loan from my old mortgage- i will have to tell him to speak to NR and come up with an arrangement to pay. i suppose my iva provider will not talk to him will they?
No, I don't think they will. You'll have to.do it yourself.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Hi, sorry to hear of your dilemma. As others have said , would be better coming from you first. NR will ask your ex for an Income & Expenditure form if he is unable to meet the full payment.
I'm sure it will all work out after the initial shock for both of you.
All the best
I had a similar situation with NR. Joint unsecured mortgage in joint names. 2 years after sale of house was still paying the unsecured part. Then we split up.
I went into IVA, now not saying what I did was correct but it did get the desired result.
I did not advise ex of what I put into the IVA however, I did not include the NR loan as it was in joint names so it was excluded. I canceled the DD to NR, then made payments that were 1/2 the monthly payments by standing order. After 8 months of my IVA and first financial review it was not possible to make the payments, also by this time my ex and I were not speaking. I was also being chased by NR for full payments, each phone call I advised them I was making a payment they should chase my ex for the other half. I canceled the Standing order once advising my IP of the situation in month 6 of the IVA. NR loan 1/2 of was then included into my IVA and NR were told to no longer contact me which they have not. Dont know what happen with the other half as NR and I have not spoken nor have I spoken to my ex.
I would not say this was correct behaviour, it did protect me though and although it is hard you must look out for your own interest. There is of course background to why I acted in this way, but that is not important and I will not go into it.
Try speaking with your ex after all you both got into debt together and it is unfair one half should get away without paying it.
Your ex will be chased for the whole amount as you are both liable for it and the full amount will also.be included in your iva but of course once you finish then your part of the debt will be written off and your ex will be required to pay whatever is left.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
