MONEY CLINIC | My estranged husband didn't settle his debt, now I can't get vehicle finance

0:00
play article
Subscribers can listen to this article
To get a clearance certificate, both consumers need to pay up their debt or if the marital status has changed, prove that their marital status has legally changed.
To get a clearance certificate, both consumers need to pay up their debt or if the marital status has changed, prove that their marital status has legally changed.

A Fin24 reader married in community of property is struggling to acquire vehicle finance as her now estranged husband has not paid his debts. She writes: 

I’m married in community of property and went into debt review with my husband.

We cancelled debt review and decided to settle the debt ourselves. The problem now is, we are separated and my debt is paid in full, but I'm still struggling to get vehicle finance as my estranged husband didn’t settle his debt. What should I do?

Benay Sager, Chief Operating Officer at DebtBustersresponds:  

Some consumers who are under debt review choose to make their debt repayments directly to creditors.

While this is allowed, we usually discourage it because once a consumer chooses to do so, they lose the support and know-how that comes with having a debt counsellor. Your debt counsellor is and should be a partner who helps you navigate through the debt review process.

In this case, the consumer decided to go the journey on their own. If a consumer is married in community of property or has a joint account (often a bond), then both consumers are liable for repayment of the debt.

To get a clearance certificate, both consumers need to pay up their debt or, if the marital status has changed, prove that their marital status has legally changed. In this case, it sounds like the marital status has not legally changed.

As a result, this consumer is legally liable for the estranged husband’s debt, and would not be able to get a clearance certificate granted until that debt is settled.

Compiled by Allison Jeftha. 

  • Questions may be edited for brevity and clarity.

Have a money problem that needs solving? Fin24 can help! Send your question to editor@fin24.com

Disclaimer: Fin24 cannot be held liable for any investment decisions made based on the advice given by independent financial service providers. Under the ECT Act and to the fullest extent possible under the applicable law, Fin24 disclaims all responsibility or liability for any damages whatsoever resulting from the use of this site in any manner. 

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
ZAR/USD
15.06
(-0.97)
ZAR/GBP
21.03
(-1.00)
ZAR/EUR
18.18
(-0.80)
ZAR/AUD
11.74
(-0.52)
ZAR/JPY
0.14
(-0.73)
Gold
1714.41
(-1.24)
Silver
26.16
(-1.99)
Platinum
1172.21
(-1.85)
Brent Crude
62.54
(-1.55)
Palladium
2355.37
(-0.22)
All Share
68326.79
(-0.27)
Top 40
62861.62
(-0.39)
Financial 15
12571.60
(+0.02)
Industrial 25
89680.18
(+0.59)
Resource 10
69225.70
(-1.86)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1054 votes
No, I did not.
52% - 2631 votes
My landlord refused
28% - 1420 votes
Vote