loan liability

[stockroompat]

I took out a personal loan on behalf of my son-in-law. who has since left my daughter and has stopped transferring the monthly payments on the loan, has he any liability for the loan repayments if I can prove he had the whole sum of money taken out?

[Ethel]

Can you prove it wasn't a gift?

Can you prove it wasn't for the benefit of your daughter?

What did you tell the loan company the money was for?

[TurtleUK]

You cant do anything with regard to the loan to the bank you owe that money...

The only thing you can do is if you can prove the whole money went to him and he has made some payments on it which I assume you can then you can sue him as a debt he owes to you for the amount remaining.

Each will be 2 separate things though he has no liability to the actual loan only you do but you can sue him so he owes you money.

[amonty1144]

Unfortunately if the loan is in your name, then you are liable for the debt, regardless of the purpose. You can pursue him through the civil court for the remainder of the debt but this is usually expensive and is not always enforceable.
Sorry

[flyciderman]

Sorry you are stuffed but never take a loan out for others,

[Loosehead]

You have, no doubt with good intentions, helped a bad debtor get a loan so the loan is in your name. The fact you gave him the money is of no consequence to the lender. He is of course morally liable to you but don't hold your breath. The lender will pursue you for the money, this is one of those situations where you should perhaps have realised that the whole reason this transaction is necessary at all is because son in law has a bad credit record so could not get a loan himself, hence he has a dishonorable nature hence he will not think twice about not paying mum in law. Very little you can do, I'm afraid, you are relying on a conscience suddenly being created.