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Taking out a loan in a spouses name FRAUD ALERT

(10 Posts)
Missingme1 Tue 01-Mar-16 04:02:13

Don't want to say much but is there a legal recourse if a husband was to have secretly taken out loans etc to pay for a gambling addiction ?!
The wife having only just been made aware as credit rating is shot to pieces ?!
It's a lot of money and likely the house will have to be sold to pay off the debt but can she relinquish her self of liability if he's done this behind her back ?
Any help or advice would be greatfully received

EchoOfADistantTide Tue 01-Mar-16 04:11:55

I don't know if this helps or not....

Many years ago my exDP decided to buy a car for me and our DD. He said he was taking out a loan. It turned out he didn't take out a loan, but forged my signature and used my details to get 22K worth of HP in MY name.

Long story short, car got repossessed and my credit rating was shot to shit.

BUT... when I alerted the finance company they involved the police. ExDP admitted what he done (and fucking well got away with a slap on the wrist angry ) but I wasn't held accountable and did get my credit rating restored.

firesidechat Tue 01-Mar-16 08:12:50

At the very least you need to report him to the police to have any hope of help from the loan company. Do that today.

Marchate Tue 01-Mar-16 08:14:29

Taking a loan in someone else's name - especially when the person doesn't know - is an offence. You might have to report to police, but as soon as their offices open, phone a solicitor

It might take a bit of work but you'll regain your credit score when it's sorted out

TheNaze73 Tue 01-Mar-16 08:27:33

If he has taken it out in his name solely, then there is no legal recourse. Any debt in joint names, they would be joint & severally liable for however, if he's signed on her behalf, then that is fraud. Likewise, if he's taken the debt out in her name, it would be fraud. Her credit score rating could be influenced by the level of indebtedness under the residential address.

firesidechat Tue 01-Mar-16 08:36:05

Debt isn't attached to addresses any more, just people. The level of indebtedness at the address won't count, but if it is in the op's name and she didn't sign or agree to it then it needs sorting.

babybarrister Tue 01-Mar-16 08:41:10

you need to speak to a family lawyer as if your H has taken out a loan fraudulently in your name it may NOT necessarily be in YOUR Best interests to report him to the police .... for example if you might want to seek maintenance from him for yourself or children but he is in prison and will never get another job

resolution has a list of specialist family lawyers

Marchate Tue 01-Mar-16 08:43:37

Address no longer counts on credit records

Get legal advice immediately. It will be in your best interest to be seen to be tackling this quickly

TheNaze73 Tue 01-Mar-16 08:56:23

Thanks for pointing out the bit about the address.

Iadmit Tue 01-Mar-16 09:34:58

I am so sorry you are going through this flowers I can really sympathise with how you are probably feeling.....the shock, feeling of utter betrayal, anger sadness etc.

This is something I have personal experience of, except I didn't discover what was going on until after I had left. It took me 2 years to find out the true extent of his deception, things just kept coming out of the woodwork.....exp took out high interest loans, credit cards, didn't pay council tax for over 4 years, didn't pay water chargers (ever I don't think). I started finding out about 3 weeks after I left when my mobile phone got cut off, the phone call to Orange was an eye opener....'The bill has not been paid for 3 months Miss A'...'Why hasn't anybody phoned me?!'...'We have been in communication with (EX)Mr A'...'What? Why? The contracts are in my name!!'....'He said you had given permission for us to deal with him as you work a lot'. It cost me nearly £700 just to get my phone reconnected (I was sofa surfing since I left and it was my only form of communication with the outside world). This just showed me what a master manipulator he was, he actually managed to convince a massive company to go against their own confidentiality policies and data protection act and discuss my 2 accounts with him and not me shock

Within the first 6 months I discovered a computer course loan (computeach I think it was called) totaling £8000 not that he ever went near a computer , I discovered 4 CCJ's for non-payment of council tax, 3 CCJ's for non-payment of water charges, rent hadn't been paid for 6+ months.....it was a nightmare. We lived in a top floor flat and the post box was a secure box by the entry door downstairs, he would empty the post box without me knowing and just leave little bits of junk mail so I would think that was all the mail we were getting. The man was an arsehole, I worked 3 jobs, would work a 12 hour day as an HCA in A&E go straight to the pub to work a shift then onto the LD residential home to do a sleep-in, he was unemployed. We had a joint account that I didn't have any access to (he chopped up my card and it was back in the day when you had both sign for a replacement so I couldn't just order another one!). It was all too much, I went bankrupt. I didn't have the fight in me, I had been abused and down-trodden for 11 years and just wanted shot of him.

The worst thing about all of it is, I have no idea where all of the money I was earning went! If he wasn't paying anything, what was he spending it on? We certainly weren't living the life of riley, some weeks we could barely afford to eat.

I guess that epic post was me trying to show you that you have found out about this relatively early on so nip it in the bud now, before it gets any worse. Had I known about even half of what he'd obtained in my name, whilst I was still with him, I would have reported him to the police (although I think there's now a group called Action Fraud? I may be wrong). It's taken me a long time to recover sad

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