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Thread: CC closed overdraft outstanding

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    CC closed overdraft outstanding

    Hi,
    I need assistance please. I closed our cc some 9 months ago but have an outstanding o/draft. I am willing to settle my portion of the outstanding amount but my ex partner does not wish to. The result is apparently ones name becoming tarnished with credit bureaus etc, which I dont want. How do I get the bank (FNB) to convert the outstanding monies so I can settle my 50%. They seem to simply want the debt settles and they dont care who does or does not pay.

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    Gold Member Houses4Rent's Avatar
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    No idea really, but I guess you and your ex partner are 'jointly and severally liable'? That means the bank can go after you or your ex partner or both for the full outstanding amount.
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    Site Caretaker Dave A's Avatar
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    Quote Originally Posted by Rennie01 View Post
    How do I get the bank (FNB) to convert the outstanding monies so I can settle my 50%.
    About the only thing I can think of trying without ending up with a judgement against your name is purchase cession of the full debt from the bank, and then sue your ex partner for their 50%.
    The trouble with opportunity is it normally comes dressed up as work.

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