How do i complain that a credit card company hasn't been a responsible lender

darkangel2828

Because my husband lied to me I had no idea he was 'affording' his share of the bills on credit cards...
My savings are litterally saving enough money to afford Christmas and birthdays,...

Obviously now Im re-prioritising, with the new knowlege that my husband cannot afford X and Y,

pelirocco

darkangel2828 wrote: »

Because my husband lied to me I had no idea he was 'affording' his share of the bills on credit cards...
My savings are litterally saving enough money to afford Christmas and birthdays,...

Obviously now Im re-prioritising, with the new knowlege that my husband cannot afford X and Y,

With hindsight my post came across as harsh , can he truely not afford his share or is he overspending elsewhere ?

Im afraid I dont get get this splitting of finances , although I know a lot on here do it

thegoodman

Best thing to do
Make a list of all outgoing inc car, food, outing, council tax etc. Must include everything
Make a list of all income.
Income less outgoing is the extra left. You can use this to pay back to cards.
If number is negative, you will need to go through all your outgoing to find out where you can save until you can start paying back to cards.
It's a hard work but need to be done by both of you.
Also paying minimum will tAke a long time, so you would need to pay the minimum plus some extra.
Keep at it otherwise you will fall into more debt problems.
Because of large amount you would need to cut down on holiday, sell one car if you have two, walk or use bus, less going out etc until debt is paid off.

ILW

darkangel2828 wrote: »

Thats a little harsh!!

So pleased that some of you have been helpfull with advice and such, but some of you are down right rude and your tone is not helpful at all....

You should be ashamed of yourselves for having such a bad attitude to some one in need....

I asked a simple question!!! I did not expect to be called pathetic, or treated like someone who thinks they are 'entitled' to compensation...

Thanks to those who have said the Debt Free Wannabe forums are nicer... this CC forum should have a warning sign on it...

Maybe in my OP I didnt express myself fully....
I TOTALLY get that my irressponsible, rediculous, lying idiot of a husband is at fault and responsible for his debt,.... But I am also furious with the Credit card companys for encouraging people, and not assessing the case before offering more money. Naive I know, but I would have thought that they have a responsibility as a lender....Obviously I know better now!

I work bloody hard to earn money and save, Ive just had the biggest blow in my life and now im going to have to work twice as hard to get out of this pit.... Advice is extremaly helpfull actually, so please dont discourage people who actually want to help me, by saying all I want is compo! :mad:

Sorry it may have been a little harsh, but the ONLY advice you asked for was with regard to compensation. No mention of managing the debt etc.

Mrs_De_Bris

Hi Darkangel

You must be really worried about the situation. Post a Statement of Affairs on the debt free wannabe board and you will get lots of helpful advice about managing your money in order to clear the debt.
Obviously you're other half is going to need to be on the same page as you and it is vital that you have a shared understanding of where you are financially.

As for the CC companies; yes it is shocking how high credit limits can be, but they deal with adults and therefore expect them to be responsible.

I hope you find a way forward soon. Best of luck.

InsertWittyName

It's your husband that hasn't been a responsible borrower - not the bank that hasn't been a responsible lender.

Post on the DFW boards for direct help

speedy8644

Dark angel having read this thread Iam appalled by the responses you had had from other members. Yes your husband is an adult and is ultimately responsible for the money he has spent, but it is the tone and the way people have commented on your situation that is just downright rude. This site is for people who need advice or even support in there situation not a site were you make a post and people shootyou down. I hope you can resolve your situation as I know debt can cause many a sleepless night (especially when you were not aware of it). I would personally recommended to draw up a realistic budget and talk to a debt managment professional were they can help you get out of debt.

And finally GOOD LUCK.

_Andy_

speedy8644 wrote: »

Dark angel having read this thread Iam appalled by the responses you had had from other members. Yes your husband is an adult and is ultimately responsible for the money he has spent, but it is the tone and the way people have commented on your situation that is just downright rude.

The OP didn't do themselves any favours by originally posting "Can I complain/ get compensation back for him?" - this implied her husband deserved sympathy/financial recourse for being so reckless with his debt.

If the OP had just put something like "my husbands been stupid and run up a load of debt, what options do we have?" then they would've received less 'rude' responses.

seggy1

Hi you should go to the Debt helpline you can get them on the internet there will help you for sure your husband can go bankrupt or get what you call a ifa to help and after a year the debt is written off but you must cut the damm cards up hope this is helpful im sure there will help you arthur xx

darkangel2828 wrote: »

I've just recently found out my husband of 8 years, has 2 credit cards with £25000 debt between them!

most of this debt was accrued before we were married and I never knew about it. (Thats another story!)

But in the last year he had a debt of £13000 on one card and the lender offered him a raise to £15000 despite him only paying minimum payments every month and spending on neccessary things like petrol and food... and he has now maxed the card out thanks to their 'kind' offer to raise the limit.

Not only am a furious with my husband, but with the lenders for not being responsible... surely they can see from the type of purchaces that he makes nad the fact that he only makes min payments that a raise is only making things worse for someone who is obviously sinking in debt?

What can I do? Can I complain/ get compensation back for him?

Bouncy_2

I've got to say, I would do what you can to dis-entangle your finances from his.

I would also wonder the lengths he has gone to to keep this from you. I have some friends in a similar situation, and when partner A found out about partner B's debt, serious steps were taken to separate their finances, so if B went under, A would be fairly unscathed