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Hello, Welcome to JA. I’m Vineet , a UK Solicitor and will be dealing with your case today
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In a joint loan, both parties are jointly and severally liable for its repayment.
It is always advisable to speak with your Bank if you are facing any difficulties in the repayment
so that both parties can mutually agree to some repayment arrangements
UK debt can be collected in the EU.
can be also without all these agreements or a CCJ in the UK Court. If the collection agency has a partner firm in that EU country they can use that firm to collect the debt
through Private debt collectors
yes, even after Brexit, UK will have arrangements in place with other EU countries to act against defaulters and criminals. So it not advisable to take that route
At present , there is a European Payment Order, which allows debts to be enforced and collected across borders.
you can speak with the bank and agree to some repayment arrangements as per your financial condition.
Bank can not act against you as a defaultor if you are paying some part of the loan amount, doesnt matter how small the repayment figure is
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