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Debt help if you share your debts with another individual

When you use credit with another person – such as with a loan or bank account – this is considered as a joint debt for which you are both responsible for the entire amount (rather than a certain share or half of the amount).

If one or both of you don’t pay the debt, you are both liable for legal action.

Debt help tips for tackling joint debt:

    • If you owe money on a credit card, you should be aware that ‘joint credit cards’ do not exist – only credit cards with more than one cardholder. In this instance, whoever is the named account holder is responsible for the debt.
    • Gain a full understanding of your financial circumstances – this includes ALL debt owed, individually and jointly. This will be key in working out which debts to prioritise, and how much you can each afford to repay.

Worried about debts that won't go away?

  • If you have a joint bank account or loan, you can ask the bank whether they would agree to separate the debts.
  • If you are no longer on good terms with your fellow joint account holder, seek debt help as to your options.
  • If you are on speaking terms with a partner whom you are separated from, ensure that you put any agreements between you in writing.

Ready to seek debt help? Talk with the National Debt Help team on 0800 002 9051.

*An Individual Voluntary Arrangement (‘IVA’) is subject to the customer meeting qualifying criteria and gaining creditor acceptance. Monthly IVA payments include fees and may differ to the example provided, based on the assessment made of your own personal circumstances – these fees will be clearly explained to you in writing by your IVA company. Debt write off amounts are subject to creditor acceptance and vary by individual customer based on their own financial circumstances, and are applied upon successful IVA completion.

Substantiation example, Someone owes £60,000, they pay £100 over 60 months which equals £6000, write off amount would be £54,000 which is 90% of total debt level. Upon submitting your details on this website we will pass your details to one of our approved partners as this website does not give any advice.

Free debt counseling, debt adjusting and credit information services are available from the Money Advice Service.

National Debt Help
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