What Is a Joint Debt?
A joint debt involves entering into a financial agreement with another person, typically your partner.
A common misconception when it comes to dealing with joint debts is that you split the responsibility between you, taking on only half of the debt. This isn’t true; you are both responsible for all of the debt. If one of you, for whatever reason, does not pay the debt then you are nonetheless both expected to settle for the full balance.
If someone has left you to deal with a joint debt on your own, or if you are both struggling to keep up with the repayments, then phone us on 0800 808 5124. Our advisers are experienced in clearing up debt issues, even complicated ones with another person involved!