Any one know anything about "black listing"?

[tightwad]

Ive got some questions and know nothing about this...is it even a recognised thing nowadays?

In what context? Who is blacklisting whom?

Properties aren't blacklisted...people are, if you mean normal domestic credit stuff.

What do you want to know?

Well, we have discovered that my fil has £22K worth of debt from credit cards & loans.
BIL seems to think that there is no way fil can get any more debt as he has been "black listed".
I wondered how we could find out if he is..and does it actually mean that he cannot get any more credit cards or loans?

Credit cards just come trhough the post willynilly to our house, what is to stop him activating one of these?
Curious and some what alarmed.
(obviously there is a complex back story to this)

It would depend on whether he has kept up re-payments on all of the debts.

Some lenders would be happy to continue to lend regardless of how much is already owed as long as there has never been a default on the payments.

Hmm not sure, he now has a "debt collection company" involved who he pays a monthly sum to....this is a small amount considering the amount of debt so i presume he is just paying the interest.

Possibly got this company involved after not being able to keep up payments.

He could still get a credit card from anywhere though couldnt he...any one can can they not??

(sorry, ive never had one so dont know how they work)

If he has a company involved that he is making installments to for the whole sum of all the debts then it is highly probable that he has defaulted on them all and will have a very poor credit rating.

Everytime someone makes an application for credit the company will make a search of the applicants credit file. I would find it very unlikely that someone with 22k worth of bad debt (as opposed to good debt he hasn't defaulted on) would ever get any further credit.

However, if desperate he could apply for a credit card from a company that offers them for people specifically with bad credit but with 22k's debt I would still doubt he would get on. He could also apply for a pay day loan from places such as Wonga etc. These are incredibly dangerous ways to get money and charge ridiculous amounts of interest, but people who are desperate for money do desperate things.

Thank you so much for this information Jacuelinehyde but especially thank you so much for not shouting at me to mind my own buisiness as i had presumed i would get

FIL has absolutely no access to the internet and so i am pretty confident that he cannot get any further debt from payday loans as i am yet to see a telephone number for these comapnies, its usually a web address.

MIL died in Feb and the poor bugger used to monitor and try...without much sucess to keep a lid on his appauling spending habits, and so we (hs family) are very worried about him going a bit mad, money wise.

Many thanks stuffitunderthebed.
We have absolutely no trust in him, he has been so devious and sneaky in the past so i just wanted some reassurance that he couldnt get the house repossessed under everybodies noses.

Well its an operation in progress, soon all will be revealed.
This is because fil is due to draw a pension and a lump sum. This lump sum is to pay this debt & the remainder of the mortgage.
As DH has taken over all finances and fil has absolutely no access to his bank acount, dh will have to know the nitty gritty.
fil is keeping this debt paperwork very close to his chest. It will have to be revealed fully in order for these payments to be made.

Its been an eye opening i can tell you.

Fairly confident that nothing is secured on the house...although wouldnt put it past fil.

eservices.landregistry.gov.uk/www/wps/portal/!ut/p/b1/04_Sj9CPykssy0xPLMnMz0vMAfGjzOKNjSxMDA1NjDwsjM3MDTxN3dyNDUNMjQ1MjPWDU_P0C7IdFQG9k5Tz/

The land registry can provide you with a copy of the title deeds and this will show in the charges register if any debt is secured on the property. It will show the date it was registered and the company making the charge but won't show how much.

Thanks very much gallicgirl & stuffutunderthebed, great help.
Feel like we are getting a better picture of exsactly where fil is up to.

Not bothered particularly about fil ending up homeless as we have accepted that there will be no money, what we are trying to do is to ensure that all debt will be paid when fil dies. We are worried about thousands of pounds of debt somehow ending up at our door.

DH has not put his name to anything and bil still lives in the house with fil, he too has not got his name on anything. Bil will of course become homeless if the house is lost or has to be sold to pay debt. He is a big boy though and can look afetr himself....tbf he needs some warning and to know where things are up to.

Its all leaves a very nasty taste in the mouth. Its very unfortunate.

When he dies, if all the debts are in his sole name the property and any money/pensions he has will be used to repay his debts. However if the debts come to more than his estate, the remaining debt dies with him, it won't be passed onto you or any other family.

If any of his debts are in joint names, when he dies the other party will assume responsibility for the debt.

Thats reassuring Rockchick thanks. Ive looked into that side of things as it was the first thing we were alarmed about.

As long as no one goes into anything jointly with fil, it will be ok.

Our biggest worry is that he could wrack up yet more debt.

Do you know what is needed to utilise a credit card?
Do you need a bank account?
How do credit card companies check your financial history? Is this difficult to access?
Can any one access this information?

Also, fil has no access to his own bank account, there is one cash card and bil has this. This means that fil's wages are paid into this account, bills are paid and no one touches it.
Bil pays for all food shopping, and provides fil with about £10 a week for newspapers etc.
This account looks healthy..not because it has a large amount in it, but because it will never go over drawn and bills are paid, nothing is missed.

On this basis, could he get loans from the bank?

All lenders (apart from payday loans) are assessed by your credit score. There's 3 main companies, but they all show basically the same information, and any credit an individual has will be marked on there, and stays on for 6 years. Maybe get a copy of yours, personally I find experian credit expert the most user-friendly. You can view it for free, but start paying after 30 days so make sure u remember to cancel within that time. You can get an idea of what lenders are seeing every time someone applies for credit with them.

It's highly unlikely given the financial mess he is in that anywhere would offe him further loans. As stated further up the thread, the only concern would be payday loans. Most of these are online however there are offices popping up on the high street now too (I know there's a pawnbroker local to me who does them, it's usually places like this where I've seen them. He would need some ID at these places.

The bank will also look at the credit file, so just because he runs the account there well, he still wouldn't be able to get loans there. Does he have any mental health problems that are causing him to get into these debts? If so your dh could apply to take legal control of his finances.

No, he has no mental health issues, still works full time, retires in 3 years.

He is just self centred, selfish and to be completely honest, there is absolutely nothing to show for this £22k debt..nothing.
He does not gamble, drink alcohol, take drugs he has never even been on a hoilday.
The house is run down, he drives a battered 2nd hand car. He has been wearing the same clothes for years and years.
He does however have "collections" of crap really, all over the house.
He signs up to those daft magazine things, where the 1st is 99p...after that its £9 per week with 50 to collect to get the whole collection..he gets these allot.

Its his money..up to him, but he has got these credit cards and loans secretly, and the only time poor mil knew about them was when the phone calls came, the bailiffs were knocking and she was refused money from the bank account. This went on for years and years and years.

TBH this is a continuation of how mil controlled the purse strings, she gave him £10 a week, had done that for about 4 years so its nothing different for him. He hasnt grumbled..or as BIL states "hes playing ball at the moment".

I wonder how this will change once his lump sum is in the bank and he knows there is money. He is well aware that this money MUST pay off his debt and the mortgage, there is absolutely no choice in this matter. This will leave him with a small amount left over, but the boiler needs changing and some of the windows are falling out so need replacing. Dont know if he will agree to use this money to improve the house though.

Thanks again, i feel somewhat ressured about things now.
I just know nothing at all about loans or credit cards as all we have is our mortgage. Never had any use for either (we are savers).