Verify that you need to pay a financial obligation

Verify that you need to pay a financial obligation

You’ll be accountable for a financial obligation you have to pay, like council tax or water charges if it’s something that the law says.

You’ll also most likely need to pay a financial obligation in the event that you’ve finalized a agreement to express you consent to offer cash to some body. This may be something such as a:

  • credit contract, as an example in the event that you’ve purchased an automatic washer or removed credit cards
  • tenancy contract, in the event that you rent

If you’re in charge of a financial obligation it is called liable’ that is‘being. This means you’ll have duty that is legal spend it. If you’re maybe not liable you need to be in a position to challenge the creditor. A creditor is any individual or organization your debt cash to.

Debts you’re perhaps perhaps perhaps not accountable for

You might not need to spend a financial obligation if:

  • it is been six years or higher because you produced repayment or had been in touch with the creditor
  • there was clearly a challenge whenever you finalized the contract, as an example if perhaps you were forced into signing it or perhaps the contract ended up beingn’t clear
  • the creditor didn’t always check precisely you could pay the repayments whenever you finalized the contract

If perhaps you were a cardholder that is additional

If perhaps you were an authorised extra cardholder on somebody else’s charge card account, as an example a spouse or partner, the bank card business can not request you to repay any debts regarding the card. Continue reading “Verify that you need to pay a financial obligation”