Fraudulent loan???

bob-e_2

Hi I really hope you can help me
I have just discovered that my wife has run up a debt of £30,000. £5,000 on cards and £25,000 on unsecured loans at the bank. She earns £400 pounds per month.
I am informed that when taking out the loans, my income was taken in to consideration, and the loans granted without my knowledge or any signature and paid in to her account
I know this is morally wrong but my question is would you consider this legally wrong of the bank to do this?
Any help or advise would be very much appreciated

Browntoa

you have to make the choice now , suspect you need to report the fraud to the police as she has commited fraud by using your details

dunstonh

I know this is morally wrong but my question is would you consider this legally wrong of the bank to do this?

There is no law saying they cant lend money to people based on household income.

now

When I applied for credit I was asked for the household income and granted credit based on that, so I do not think she has done anything wrong and neither have the banks, the only thing she may have done wrong is not tell you about the borrowings and that would be classed as a personal matter. If she had borrowed the money in your name ad forged your signature then that would be classed as fraud.

bob-e_2

Thanks for your replies
I have taken out a secound mortgage to cover her debts, just glad she didn`t do something really stupid, she has been suffering from depression for years now
I am going to try and recover some of the PPIs on the loans & credit/ store cards, could do with some good advice on the best way to do this, don`t think I could face handling this myself I need to focus on getting the wife well again
many thanks