Q: My husband and I had a joint bank loan as a second mortgage on our house. The loan amount covered consolidated credit ca
Cards from each of our own. I paid my balance off and explained to him what he owed. He has made his payments but now he borrowed more to once again pay off his ccs. We r falling apart so how do I keep from having to pay this bill?
Lawyers, want to be a Justia Connect Pro too? Learn more ›
- (916) 704-3009
- View Profile
- Answered
A:
In situations involving joint financial liabilities, such as a shared bank loan, both parties are typically responsible for the debt. If your husband has increased the loan amount without your consent, you should immediately contact the bank to discuss the situation and understand your rights and responsibilities under the loan agreement.
Consider consulting with an attorney to explore your legal options. This is especially important if you are considering separation or divorce, as the division of debts is an important aspect of these proceedings. An attorney can advise on how to protect your financial interests and potentially disentangle yourself from joint financial obligations.
It's also crucial to document all communications and transactions related to the loan and your husband's credit card debts. This information can be vital in legal proceedings or negotiations with the bank.
Remember, early intervention is key in financial disputes. Addressing the issue directly with the bank and seeking legal advice can help you navigate this complex situation more effectively.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
