Loan liability of payments

[di30]

A friend of mine recently lost her mother at the age of 63, this was last month.

When my friend and her dad started sorting some personal belongings, they came across loan paperwork that they didn't know she had, it is a personal unsecured loan, and she signed alone in her own rights.

I am currently awaiting the paperwork to check on a few matters, such as if any PPI, but her dad is left with the worry of any remaining debt balances, and was told just recently he would be left with his deceased wife's debt.

For anyone who has experience or if you know of someone else who have gone or going through the same thing here, of debt left behind, I will be happy if you can post up with some answers for me please, as I would like to make sure I get this right.

As my friend's dad was not aware of the loan, nor did he sign anything (it's only now he became aware of the loan his wife had taken out with Barclays) does that leave him with any liabilities of the repayments?

I would understand if it was a secured debt, but this is unsecured that was taken out in her own right.

Any info and suggestions will be a great help, cheers guys.
Thank you.

[kilasuit]

Re: Loan liability of payments

Depends on whom it was with as my partners adoptive dad had a loan with PPI and when he was diagnosed with a grade 4 brain tumour the loan was written off and all payments refunded!


That was a shocker at the time.

With Lloyds at the time.

[Numpty Monkey]

Re: Loan liability of payments

If I recall correctly,
the loan company can make a claim on her estate
if there is nothing in the estate no one is liable for anything

I think you're meant to put an announcement in the London Gazzatte or something

[kilasuit]

Re: Loan liability of payments

though depending on the amount owed they may well write it off

[di30]

Re: Loan liability of payments

Thank you folks.

I am awaiting for my mate to bring me any documents, and now have also been told that at one of the banks, someone like a bereavement officer is also looking into matters too.

Again thank you.