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Martin44
Contributor

7 Posts

Posted - 04 December 2021 :  11:36:20  Show Profile  Reply with Quote
I'm on Trust Deed and I'm married. My wife is not involved.
My wife now needs to buy a small car to go to work. Can she get a loan for that car. If my wife takes out a loan, will my creditors be able to ask her for help with my debts?
Thank you

Casper

TDA (Debt Adviser)
Trust Deed Expert



13875 Posts

Posted - 05 December 2021 :  09:04:30  Show Profile  Reply with Quote
Welcome to the trust deed forum Martin44.

Your wife is perfectly entitled to take out a loan to buy a car.

She has (and would continue to have) no responsibility to your creditors for debts taken out solely in your name.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds    
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Paul McDougall
Trust Deed Expert



137 Posts

Posted - 06 December 2021 :  08:11:59  Show Profile  Reply with Quote
Moring Martin44

I agree there is nothing stopping your wife obtaining a loan for a car albeit, it will be subject to credit approval.

P

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