YouвЂ™ll be accountable for a debt if it is something which the legislation states you need to pay, like council taxation or water fees.
YouвЂ™ll also most likely need to pay a financial obligation in the event that youвЂ™ve finalized a agreement to express you consent to provide cash to some body. This may be something such as a:
If youвЂ™re in charge of a financial obligation it is called вЂbeing liableвЂ™. This means youвЂ™ll have appropriate responsibility to spend it. If youвЂ™re maybe not liable you ought to be in a position to challenge the creditor. A creditor is any individual or organization you borrowed from cash to.
Debts youвЂ™re perhaps maybe not accountable for
You may not need to spend a financial obligation if:
If perhaps you were a extra cardholder
If perhaps you were an authorised extra cardholder on somebody elseвЂ™s bank card account, as an example a spouse or partner, the charge card company can not ask you to repay any debts in the card.