If the loan is taken for personal needs, the debt will have to be repaid independently, it will not be possible to divide it. This happens with consumer loans, which are issued to one borrower.
But in a family, money, including credit, is often spent on common needs: repairs, equipment, furniture, child support, etc. If one of the spouses can prove that the funds were spent in this way, the debt can be divided.
Spouses - co-borrowers
The loan agreement already specifies the shares that each co-borrower will receive. After the divorce, proportional payments will need to be made.
One is the borrower, the other is the guarantor
In such a situation, the usual conditions of a loan with a hungary mobile database guarantor apply: the borrower makes payments, and the guarantor is involved in the event of an overdue debt. The guarantor, having fully paid the debt, can recover half of the amount from the main borrower. This must be done through the court.
Below we will only talk about the division of loans in court. There is no point in discussing pre-trial settlement, since its conditions can be anything. Let's consider how it is customary to divide non-targeted loans, mortgages and car loans in divorces.
Consumer credit
The peculiarity of non-targeted lending is that it can be difficult to confirm what the funds were spent on. During the trial, the plaintiff must prove that the purchases were made for the family, and the defendant, on the contrary, must refute this version.