partner and wages

shelene

Hi am looking for some advice, i am in an IVA and my husband is not, however does this mean that my husband is restricted on obtaining credit, would i get in trouble if he decides to get a store card for example???

Also i have returned to work from maternity leave but my salary has gone up, but then has everything else, DFD have never asked for wage slips or anything so should i just wait for my annuual review in April when i do my 12 month forecast???

Many different experiences on here!

Thanks in advance

mistercovert

Your husband is not bound by your IVA, he can still obtain credit and it will not affect your IVA. Your relationship with him will be recorded on credit files as an association, he could be better of dis-associating himself on credit files This can only be done if you have no shared credit/bank accounts/mortgage etc. My wife dis-associated herself from me and her she was an excellent credit score now but if we were associated it would be much lower.

Rob H

lexie2005

Hi there, I too am with DFD & you need to tell them you have had an increase in your salary as they will need to know. When I got a payrise I had to inform them & they took half of it. If they say they don't need to know its better to tell them than not & then at your review them tell you you need to pay them a lump sum or something like that.....

shelene

will they also take into consideration if my bills have gone up aswell, so the amount between a payrise and bills going up is not that much. As if they want to take half i cant pay my bills which have gone up??

I guess i will just ring them for advice x but i will need to wait till my December pay to know exactly how much my wage has risen as i had some back pay this month - which has paid for some of kids christmas presents

lexie2005

If you want them to take that in to consideration you will need to ask them for a variation, which is like at the beginning, you fill in the soa again & send wageslips bank statements etc. I dealt with a lovely lady who works in the variations dept but to be honest anyone I spoke to was really nice. They understand that bills etc have gone up & said they have loads of people asking for variations. In the end we just took a reduction in payments for the next 5 months until my nursery bill goes down due to state funding. I am sure if you ring them & have a chat they will help. Let us know how it goes won't you............

shelene

yes will keep you posted, but another question...

IVA in my name but all of household income taken into consideration, so if my husband does any overtime etc to treat himself etc should half of that go to IVA people, (we do own house together), it just seems unfair when it not my husbands debt?? any thoughts??? is this right?

Miss_Poohs

mistercovert wrote: »

Your husband is not bound by your IVA, he can still obtain credit and it will not affect your IVA. Your relationship with him will be recorded on credit files as an association, he could be better of dis-associating himself on credit files This can only be done if you have no shared credit/bank accounts/mortgage etc. My wife dis-associated herself from me and her she was an excellent credit score now but if we were associated it would be much lower.

Rob H

Hi everyone - very interesting point here. How would I go about disassociating myself from my husband financially?

We have never shared a bank account or any credit cards, but we do have a joint mortgage is it still possible to do this?

Many thanks.

Janice

mistercovert

Miss_Poohs wrote: »

Hi everyone - very interesting point here. How would I go about disassociating myself from my husband financially?

We have never shared a bank account or any credit cards, but we do have a joint mortgage is it still possible to do this?

Many thanks.

Janice

Your husband will have to write a letter to both Experian and Equifax stating he wishes to dis-associate himself from your finances. You cannot have shared bank acounts, shared loans, or any financial link with your husband otherwise this will be deemed an association and he will not be allowed to be dis-associated from you. He can also have a note put onto his files stating that he has no financial interest in your debts.

Hope this helps.

Rob H

mistercovert

here is a link to a page at experian that explains a lot and also has a disassociation for in pdf form to print out.
http://experian.metafaq.com/templates/experian/main/answerPage?_mftvst:answerRef=%24http%3a%2f%2fapi.transversal.com%2fmfapi%2fobjectref%2fEntryStore%2fEntry%2fhttp%3a%2f%2fwww.metafaq.com%2fmfapi%2fMetafaq%2fClients%2fexperian%2fModules%2fCredit_report%2fTopics%2fother_names%3a137335%3a0&_mftvst:moduleID=%24Credit_report&_mftvst:topicID=%24&id=O9EIU1IGMBLR02385P4ALN1SV0

Rob H

Miss_Poohs

Thank you for that.

Our mortgage is our only financial link as it is in both our names, so will a diassociation still be possible?

My DH is the one with the (massive) debt, and while I am willing to support and encourage him to deal with it, I've got no intention of paying it for him.

Is it worth getting him to write the letter do you think?

Miss_Poohs

Meant to add, our mortgage is not and never has been late or unpaid. Yet!!