You’ll be in charge of a financial obligation you have to pay, like council tax or water charges if it’s something that the law says.
You’ll also most likely need to pay a 
financial obligation in the event that you’ve finalized a agreement to express you consent to provide cash to some body. This may be something similar to a:
- credit contract, as an example in the event that you’ve purchased an automatic washer or applied for credit cards
- tenancy contract, in the event that you hire
If you’re accountable for a financial obligation it is called вЂbeing liable’. This means you’ll have appropriate responsibility to spend it. If you’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 you’re maybe not accountable for
You may not need to spend a financial obligation if:
- it is been six years or higher because you produced repayment or had been in touch with the creditor
- there clearly was a challenge once you finalized the contract, as an example it or the agreement wasn’t clear if you were pressured into signing
- the creditor didn’t always check correctly you signed the agreement that you could afford the repayments when
If perhaps you were a cardholder that is additional
You to repay any debts on the card if you were an authorised additional cardholder on someone else’s credit card account, for example a spouse or partner, the credit card company can’t ask.