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Should a written agreement be made between us if I take out a loan to pay off my partner's high interest debts?
I am considering getting an interest free credit card to take on my partners high interest debts of £2000. In order to ensure he pays the money back if the relationship did not work out I was wondering if we could sign a written agreement. Would this be of any value or is there another way that I can make sure that I don't get left with his personal debt?
You can certainly sign a written agreement which would be enforceable.
Ideally this would be a promissory note (promise to pay) and can be prepared by one of our solicitors for under £100.
You should consider adding interest even though you are not paying it, to cover you if you fall out.
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