Ask a Law Question, Get an Answer ASAP!
Hi thank you for your message is there a possibility that you can take out a further refinance loan in your own name to pay off the debt to Coast Finance?
Hi thank you for your message, how much could you realistically pay? I note the amount you have offered is £3k but this is substantially below the amount owing.
Hi thank you for your message, it is unlikely you could get them to agree to change the agreement now into your name alone because they will want the option to pursue the claim against the other party if needed. Therefore, brokering some kind of agreement with them for repayment might be the best option. You can even say, ultimately this is the most you can afford and therefore you are looking to honour the loan. You may wish to engage the help of a debt adviser at say citizens advice to help with your negotiations. I hope this helps, if you can please accept my answer and rate me 5 stars (in the top right of your screen) then Just Answer will credit me for helping you today.