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Posted: Sun Sep 21, 2008 11:37 pm
by pda93
In the sense, I mean, that she will no longer be allowed to have an overdraft etc?
Will her income be taken into account? Or her savings?
These are my debts, incurred without my wife's knowledge or approval.
Posted: Mon Sep 22, 2008 12:23 am
by MelanieGiles
Your wife's income will be taken into account, as creditors may well take the view that she will have benefitted from your debts. Her savings will not be taken into account.
What were the debts actually taken out for, and how did you spend the money borrowed? Also how much do you actually owe to creditors?
Posted: Mon Sep 22, 2008 6:54 am
by pda93
MelanieGiles wrote:
Your wife's income will be taken into account, as creditors may well take the view that she will have benefitted from your debts. Her savings will not be taken into account.
What were the debts actually taken out for, and how did you spend the money borrowed? Also how much do you actually owe to creditors?
My debts just accelerated, as I borrowed to pay off existing debts. I owe in excess of £100k, and my wife's income is just £10 p.a. I was paying off more each year than my annual gross income and never once missed a full payment.
If they take my wife's income into account, will they also take her outgoings into account? She does, after all, pay the rent, Council Tax, electricity, gas,water, etc.
Posted: Mon Sep 22, 2008 10:12 am
by MelanieGiles
Yes all outgoings will be taken into account. With debts of over £100k was any of that money used for household and general expenditure rather than being spent on you personally?