Hi, Half Life,
I'm just letting you know that I followed your excellent advice to insert a Notice of Correction on his credit reports saying that he does not wish to be granted any credit card or loan, now or in the future, even if he subsequently applies and appears to qualify. However, all three of the main agencies inserted the Notice without difficulty, you mentioned that you had trouble with one of them? If so, it might be worth trying again?
Take care,
CW
Hi, HL,
Despite what I think is a poor record, a lot of late payments plus the Notice, his credit score on Noddle is quite good. Maybe because he has actually paid the debt several times over but by making minimum payments, it didn't reduce, which is what they like. I just hope that if tested, the Notice is heeded.
CW
Thanks, Half Life. I intercepted from today's post another credit card company's kind offer to him...all he needed to do was sign...
I need to sort the flat, once it's out of his name, his rating might reduce.
How are you?
CW
Hi ladies,
I just wanted to add something here which you are probably aware of any way... Should your CG fall off the road to recovery somehow ( and with all your tight barriers in place, it shouldn't be massive) but I was told by a solicitor that even if the house is in your sole name the creditors are still within their rights to put his debt on his half because they can argue that he has contributed to it for x number of years. I'm sure you know this already but just thought I'd put it out there.
Hi, Katie and Half Life
I know. Only too well. There's no option to stay married and protect his share of the property against creditors.
He did buy our flat although we hold it jointly so transferring his share to me will at least bring home to him what he has thrown away.
In terms of protecting his share against creditors, the only way would be to transfer the flat to pursuant to a Court order for the divorce settlement. Which would mean divorce. And possibly the judge on the day approving it.
When I found out about the kids' money and he was in denial, I thought he would go and we would end up divorced, I would have pushed to have the whole flat. Now he's in recovery and we're still together, it's not an option. At the moment, the debt is not too bad. In the absence of divorce, I will have the flat in my name in the hope that he stays clean for five years after the transfer...and that I'm not just being a mug.
It seems that there's no financial incentive to stay married to a gambler, so he'd better stay in recovery...
Very Cynical Wife
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