Partners Debt??

gezzza

Hi this is my first post and im looking for so help/Advice on my parners Debt.

some back ground Information

We met about 2 years ago and she had debts of X amout i dont know how much im guessing £8-10K, im guessing as she will not total it up and refuses to talk about it, i know that she is getting letters threating court action and balifs.

6 Months ago i bought a house in my name, all the stuff in the house i have bought bar a couple of low value items and i pay all the bills except the water rates which she pays. she moved in with me got a job earning about £17K a year.

Now what liblity do i have with regards to her debts? as im starting to worry that im going to start lossing stuff if/when the courts/ Balifs action comes to ahead.

Ive tryed to get her to deal with her debts and she isnt intressted she thinks that by binning the letters it will go away

so where do i stand and any thoughts on how to get her to deal with the debt???

OliveOyl_2

Sadly you can't have someones LBM for them.

But I'm bumping this post because someone more knowledgable will be able to explain what impact her debts will have on your credit rating as she is living with you.

just a couple of questions that may make a difference:
1) Is she on the electoral roll at your address? & do you get single persons discount for your rates?
2) Do you share ANY financial products?

McKneff

find and keep all your receipts for items that you have bought solely.

gezzza

OliveOyl wrote: »

Sadly you can't have someones LBM for them.

But I'm bumping this post because someone more knowledgable will be able to explain what impact her debts will have on your credit rating as she is living with you.

just a couple of questions that may make a difference:
1) Is she on the electoral roll at your address? & do you get single persons discount for your rates?
2) Do you share ANY financial products?

LBM?? what does that mean

1) she is on the electoral roll at this address and I'm paying the full council tax rate

2) We don't have any financial link apart from she transfers money to me once a month to help with bills and she has her name on the water bill

anniehanlon wrote: »

find and keep all your receipts for items that you have bought solely.

Ive got all my receipts

MYLITTLESISTERLOLA

LBM is light bulb moment ( catching on that the debts mounting and needs to be dealt with )

Is you have no joint loans, mortgage etc that is good news as your credit rating will not be affected as for the items I second keeping all receipts and bank statements as proof they are your items
Good Luck

I have to be honest if it was me I would sa something like ' either face up to your debts or move out as I am in a state of constant panic that the baliffs are on their way to get my stuff ' It may not sound helpful but she needs to deal with her debts otherwise the mess will only get worse

OliveOyl_2

Gezza, I truly sympathise with your worries. And I didn't mean to be glib about you not having her LBM.
I was that OH who carried on spending whilst my OH had all the worries that the spending was out of control He never once lectured me on my bad spending habits, as far as he was concerned we both had gotten ourselves into debt. He however was dealing with it in a manly manner and not bothering his little woman too much about it. I would say "shall we?" and he would say "Yes" Then he would worry about paying for it. Silly really, I work in accounts and when I realised how bad it had become (turned down for a 0% card:o ) I gradually took over. We're both happy with the arrangements now, he says "shall we?" and I say "no" :rotfl: :rotfl:

IMHO the nicest way to lead someone to a LBM is to be gentle. Give out money saving hints at every opportunity. Offer to show her on a snowball how quickly she could clear her debts if she followed certain budget constraints. And talk about a future that would be possible if the debts weren't there.

Sometimes this won't work. My friend has kicked her OH out, she could no longer afford his debts and it is very sad that his ostrich behaviour has led to this.