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Nemo finance secured loan


louise2U
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Please help!

 

3 years ago I was asked by my then partner to sign as 2nd signatory on a secured loan. The mortgage was in his name only and when we queried this with Nemo they said that as I was his partner and residing at the address then I should sign the form as a formality (yes I know I could kick myself for being so naive) We split a year later and I learned he was heading for bankruptcy. It was a bitter split so I avoided contact with him but have recently heard I am now being pursued for the debt (even though I received nothing from the original loan!)

I have had a call at work from someone from Nemo but luckily was not available to take it. I am also not allowed to receive personal calls so have kept quiet about it all, however I am now panicking. Any advice from you experts out there.

 

Incidently I now have a mortgage of my own, would they be able to claim against this to retrieve their money.

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Hi louise2u

 

I'm not an expert, but the following answers the question

My Ex Partner Is Going Bankrupt What Should I Do? | Bankruptcy Information UK

http://bankruptcy.org.uk/6294/ask-a-question/my-ex-partner-is-going-bankrupt-what-should-i-do/

 

There will be some experts along shortly who can add more. I think your ex should of discussed the matter with you before doing anything.

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Thanks for that, I'm still not sure where I stand as I didn't know I was part of the debt until recently (as mentioned I thought I was signing an agreement that ex partner could use his house (my residence) as collateral).

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