YouвЂ™ll be in charge of a financial obligation if it is something which the legislation states you need to pay, like council tax or water costs. YouвЂ™ll also most likely need to pay a financial obligation you agree to give money to someone if youвЂ™ve signed a contract to say. 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 a duty that is legal spend it. If youвЂ™re perhaps not liable you need to be in a position to challenge the creditor. A creditor is any organisation or person your debt cash to.
If perhaps you were a extra cardholder
You to repay any debts on the card if you were an authorised additional cardholder on someone elseвЂ™s credit card account, for example a spouse or partner, the credit card company can’t ask. These are constantly the duty regarding the cardholder that is main. If youвЂ™re under 18 it is possible to simply be accountable for a financial obligation you need day-to-day if itвЂ™s for something.