Law regarding opening CC - Need Advice

Weirdo109

Hi there

My wife has aquired herself a few credit cards and personal loans and gotten
herself in alot of debt without me knowing about it. She finally told me and I am trying to resolve it by various means.
But in my initial dealings at looking at how she managed to get the cards in the first place considering she is not permanently employed and earns less than £3,000 per annum. All the card sites on application state you must earn a minimum of £10,000 per annum. Is this a legal matter or just a piece of useless text on their part.

I have tranferred some of the cards onto mine and paid off some of the others with savings. She has also discussed payment plans with some of them which is helping until I get my other arrangements sorted.

As I have siad the main issue I have is how they have managed to let her have the card and then allowed her to have more and more.
I think the rough amount of debt is £12,000.

Not sure if it's worth ringing any of the advice lines as I am sure the CC companies will have a get out clause.

Any helpful advice would really be appreciated.

Thanks in advance

Mark7799

Pretty sure there's no legal requirements about income levels - it's only in the CC t&c's you would find that.

You may be able to make an argument that the company broke their own T&C's by issuing a card to someone who didn't meet their minimum income level criteria but they'd probably counter with 'the applicant signed to confirm all details given were true and accurate' or words to that effect.

Do you know what she wrote on the application as her income?

Bokken_2

Weirdo109 wrote:

Hi there

My wife has aquired herself a few credit cards and personal loans and gotten
herself in alot of debt without me knowing about it.
But in my initial dealings at looking at how she managed to get the cards in the first place considering she is not permanently employed and earns less than £3,000 per annum. All the card sites on application state you must earn a minimum of £10,000 per annum. Is this a legal matter or just a piece of useless text on their part.

As you OH applied for the cards in her own name she does't have to tell you that she has applied and recieved the cards.
I think your on a non starter with the T&C's as point of law ,your more likely to get some success by reporting them to the Ombudsman.
As your OH has signed the agreements she is the person commiting the offence of deception to obtain a percurinary advanatage as such could be prosecuted.
I would seek a solicitor forfurther advice if you wish to complain.

grumbler

Weirdo109 wrote:

...she is not permanently employed and earns less than £3,000 per annum. All the card sites on application state you must earn a minimum of £10,000 per annum. Is this a legal matter or just a piece of useless text on their part.

Usually CC companies don't check information about income supplied by an applicant. It is difficult to check and, I think, there are problems related to Data Protection. If your OH gave false information on applications, she committed fraud.

Weirdo109

OK thanks guys. Puts a whole new spin on it. As far I she tells me she put down her actual earnings and not the £10,000 but as she has no copies it's hard to prove.

I'm just very angry that A) she did it and thought it would be easy to cover up and that the allowed her so much credit.

As I said I'm in the process of consolidating the debt by using advice from the site but it's gonna take a bit of time to sort out.

Thanks again for the info.