I thought I'd see what I can do about settling a joint ge money loan taken out approx 7 years ago.
Unfortunately I've been reading posts on here and now think I'm in for a rough ride :
I spoke with them last week and have a settlement figure of 4.5k although the original debt was only about 6k.
I was actually hoping to be able to offer a reduced full and final settlement but from posts on here it seems highly unlikely.
The loan was taken out jointly by my ex and myself.
We split and had a couple of joint debts so we agreed to take one each, I'm stuck with this one.
I have absolutely no idea what I can do or need to do to get this from around my neck.
I haven't missed any payments, although they are usually a week or so late ( now a single parent)
The account isn't in arrears ATM as I'm usually borrowing from my parents to make payments,
a friend of mine has offered to help me clear it as it's going to take me about 30 years to settle otherwise.
Any help or advice would be hugely appreciated x
Thank you sooo much for reading
Pjs girl x