If gf buys shares will it alert debt chasing companie

Argghhh

Hi my gf has always had a few debt companies chasing her for random amounts which were from about 10 years ago. She has an opportunity to get some shares for where she works cheaper over a 5 year period and i am thinking of putting the money in to have some with her.

Question i want to ask, will the debt companies know she has these shares and will they be able to stake a claim on them. The money to buy them will be mine but they will be in her name as she works there

Will owning the shares appear on a credit report or anything

le_loup

You are giving her the money. That makes the money hers.
The shares will not show on a credit report but may show on the share register.

masonic

Argghhh wrote: »

Hi my gf has always had a few debt companies chasing her

Sounds like a keeper.

redmalc

Why not pay the debt if she owes the money

windup

https://forums.moneysavingexpert.com/discussion/5025008

atush

She should buy the shares. after she pays her debts.

chris_m

Argghhh wrote: »

She has an opportunity to get some shares for where she works cheaper over a 5 year period and i am thinking of putting the money in to have some with her.

This sounds to me as if it's a sharesave scheme - where you save a set amount deducted from salary each month and buy shares at the predetermined option price at the end of the five years.
If my assumption is correct;
1) the shares would not be hers until the end of the five year period.
2) you would not be able to "put money in" because it's only open to employees - unless you were to pay her the amount that would have been stopped from her salary.

However, as others have said, why not pay off the debts first?

boliston

redmalc wrote: »

Why not pay the debt if she owes the money

Why would someone wish to settle a third party debt for which they are not liable? As long as there is no financial association one partner's debt will not affect the other in any way.

masonic

boliston wrote: »

Why would someone wish to settle a third party debt for which they are not liable? As long as there is no financial association one partner's debt will not affect the other in any way.

I think redmalc intended the subject of his statement to be the gf and not the OP, but you may well ask why someone would settle the debt of a third party. An equally valid question would be why would someone give money to a third party to invest for them when that third party has a history of not repaying their debts? I suspect the answer to both questions would be a four letter word that's known to be blind.

lawriejones1

masonic wrote: »

Sounds like a keeper.

But of a nasty reply that. The Internet allows us to say things we wouldn't say to people's faces, but that doesn't mean you need to use it that way.

Glen_Clark

lawriejones1 wrote: »

But of a nasty reply that. The Internet allows us to say things we wouldn't say to people's faces, but that doesn't mean you need to use it that way.

You don't know whether or not he would say it to his face - but thats beside the point. I think it was just asking the OP to realise he would be transferring his money to someone with a history of stringing people along and evading their debts. Rather like one of those awkward uncomfortable things only your best friend would say to you. Sometimes you have to be cruel to be kind.
If the internet allows things like that to be said anonymously that would otherwise not be said at all, isn't that beneficial?