Case Study 2 (Complex)

Split expenses. Sole Borrower with Joint Transactional Account

Applicant: Robert Goal: Personal Loan Channel: Website 

Scenario 2.png

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Forum discussion

Feel free to add any comments however we are particularly keen to hear:

  • Practical advice on how to handle joint accounts.

  • More guidance on the privacy aspect of the 2nd person.

  • How should the lender deal with transactions the borrower is adamant they are not liable for?

  • How would the lender store the information? Consent from the 2nd person who is not a borrower?