how will getting married effect both of us?

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pnoopy

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Post by pnoopy » Wed Jul 21, 2010 5:34 pm
I am looking at getting married, but am worried that the change in circumstances will effect my IVA and his credit rating, i got this debt on my own, i don't see why he should suffer for my past mistakes - how would i go about informing the agency of this change of circumstances and how would it effect the both of us? we have separate housing and bills etc and i don't see this changing for a while. What do you suggest i do?
 
 

kallis3

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Post by kallis3 » Wed Jul 21, 2010 5:42 pm
Hi, and welcome to the forum.

Your future husband will not will be involved in your IVA other than to confirm that he is paying towards the joint income.

I presume you will be moving in together upon marriage?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

MelanieGiles

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Post by MelanieGiles » Thu Jul 22, 2010 12:28 am
If his credit rating is affected once you are married, he can always file a notice of disassociation from you at the credit scoring agencies. Although this sounds a bit sinister, it is genuinely just a piece of paper that means nothing outside of that environment.
Regards, Melanie Giles, Insolvency Practitioner
 
 

pnoopy

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Post by pnoopy » Thu Jul 22, 2010 7:06 am
kallis3 wrote:

Hi, and welcome to the forum.

Your future husband will not will be involved in your IVA other than to confirm that he is paying towards the joint income.

I presume you will be moving in together upon marriage?
Thank-you for your reply. Yes we are moving in together. The thing is, I don't have access to his bank nor does he to mine. If I have to declare his income, will this increase the amount I have to pay, if so then I have to ask him to pay towards it when its not his debt.?
 
 

Shining

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Post by Shining » Thu Jul 22, 2010 7:27 am
I think that two can sometimes live cheaper than one, i.e half the bills i.e mortgage/rent/utilities etc., so therefore it may give you a little more disposable income to pay into your IVA, so long as he is paying his way in the joint property then he should not be expected to contribute to your IVA as far as I'm aware.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

pnoopy

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Post by pnoopy » Thu Jul 22, 2010 7:35 am
Also, I don't know how much he earns. Would I need to provide proof of his income ?
 
 

Shining

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Post by Shining » Thu Jul 22, 2010 7:36 am
I'll have to leave this for a professional who will be along later pnoopy as I'm not sure on that point? x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

pnoopy

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Post by pnoopy » Thu Jul 22, 2010 7:59 am
Okay. Thank you
 
 

kallis3

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Post by kallis3 » Thu Jul 22, 2010 8:18 am
I think you may just have to prove that he is paying his fair share of the bills, but not 100% sure on that. He won't have to pay anything towards your IVA.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

pnoopy

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Post by pnoopy » Thu Jul 22, 2010 8:51 am
How would I have to prove that though? And what if he doesn't?
 
 

Skippy

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Post by Skippy » Thu Jul 22, 2010 8:56 am
You may have to provide proof of his earnings. I had to do that, although my partner wasn't contibuting to my IVA.

The expenditure would then be worked out in proportion to both your earnings, i.e. if he earns 60% of the household income he would be expected to pay 60% of the bills.

I'm not sure what would happen if he isn't contributing his fair share - hopefully one of the experts can clarify.
 
 

pnoopy

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Post by pnoopy » Thu Jul 22, 2010 9:19 am
What if I can't gain proof of his income?
 
 

Skippy

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Post by Skippy » Thu Jul 22, 2010 9:25 am
I'm not sure, you'd need to speak to your IP about that.

Do you think your partner won't give you proof of income?
 
 

pnoopy

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Post by pnoopy » Thu Jul 22, 2010 10:43 am
He might not want me to know how much he earns.
 
 

Shining

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Post by Shining » Thu Jul 22, 2010 2:16 pm
He may be able to converse with your IP directly if he is aware of your situation. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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