Our marraige has ended and we have got loans etc to sort out. Aswell as a mortgage, we have a credit Union & credit Card loan, which we pay into jointly, as in, we have a joint account, we have a standing order into this account every month which we pay equal amounts into, which everything is taken out of, loans etc.
Excluding the mortgage and just worrying about the credit union/credit card loans, how do we pay these back. I was hoping to perhaps, borrow money off mum and pay half of these two loans off, so the other half will be left for him to pay off, he can pay them off whatever way he wants, I am out and have paid my dues. The expenditure on these two loans was jointly spent, i.e. wedding, house. Can you do this, can I pay off half of these loans in a lump sum and leave the other half for him to pay off?
Excluding the mortgage and just worrying about the credit union/credit card loans, how do we pay these back. I was hoping to perhaps, borrow money off mum and pay half of these two loans off, so the other half will be left for him to pay off, he can pay them off whatever way he wants, I am out and have paid my dues. The expenditure on these two loans was jointly spent, i.e. wedding, house. Can you do this, can I pay off half of these loans in a lump sum and leave the other half for him to pay off?