Power of Attorney - Loans/CC

patanne

The note on the file with the CRAs should work provided they accept the POA and I can see no reason why they shouldn't.

Marker_2

the_insider wrote: »

If the donor doesn't have capacity it might be worth approaching the office of public guardianship to have access removed. This would prevent the donor using the accounts at all but would stop applications.

Is there a reason you don't want the donor to administer her own accounts?

I don't want to get to personal, but the donor has "issues" and a severe history of taking out all sorts of loans and credit cards. The POA needs to be put in place for a number of reasons but will seem a bit pointless if the donor can accrue debts while the POA manages the accounts.

Do all lending companies go through credit reports. Specifically worried about payday loans even noticing anything POA related on the credit file, as the donor has had no problem getting payday loans in the past despite a terrible credit history.

dzug1

Is the donor actually going to give you Power of Attorney and does he realise its implications?

If not - then no Power Of Attorney anyway. You'd need to ask the OPG for Deputyship - or to take on the case themselves. Not an easy process and can take months.

The law is heavily biased in favour of people running their own affairs, even if they do so badly.

Marker_2

dzug1 wrote: »

Is the donor actually going to give you Power of Attorney and does he realise its implications?

If not - then no Power Of Attorney anyway. You'd need to ask the OPG for Deputyship - or to take on the case themselves. Not an easy process and can take months.

The law is heavily biased in favour of people running their own affairs, even if they do so badly.

Yes she will (not to me though), health factors and other stuff mean it is a necessity.