Getting credit

[DJOR]

Can I stop my wife getting credit?

[persianlady]

Why would you want to?

[DJOR]

Because if she continues spending we will lose our house

[CheekyChops]

I don't see how you can, no.

[Ice.Maiden]

Then threaten to leave her, and see if it brings her up sharpish. The thing is, abnormal spending sprees (when you haven't the money to do it) can be a sign of something else, such as depression. All the women I know love to spend, but stick to a reasonable budget. If your wife's is out of hand, you need to sit down with her and work out your finances on paper. If the black and white truth doesn't make her see what's happening, I think you need to remove the temptation, by taking overall charge of your finances, and cutting up any credit cards. Perhaps a word with the bank might help?

[Ethel]

You need to make sure your house in owned on a 'tenancy in common' basis.

This will at least help to protect your interests in the property.

http://www.lawontheweb.co.uk/jointtenants.htm

[Buenchico]

I can't think of any way of preventing your wife getting credit if you do everything 'by the book'. However (if you don't mind being a little underhanded) you could apply for a credit card, in your own name, with Capital One. It's likely that they'd only give you an initial �200 limit. Go out and buy �200 of stuff to put in your freezer. Then, when the credit card bill arrives, phone Capital One and tell them that you've had some unexpected expenditure and you can't meet the minimum payment. Offer to cut up the card and pay them a pound or two each month. They'll take your offer but both you and your wife will suddenly find that you can't get credit with anyone else.

Chris

[persianlady]

I think you could sever the joint agreement (tenancy?) on the mortgage if it was a joint purchase. That way I think that at least you would be able to protect your half of the property. i am sorry if i was flippant before. it must be an extremely worrying position to be in. I think you should seek some legal advice.
My neice who was not getting on with her husband and planned to divorce him because of his womanising found out that she had a terminal illness. Beffore she died her solicitor severed the joint mortgage somehow. When the husband came to sell the house after she died he only got half of the proceeds. \the other half went into trust for their two children till they were both eighteen. Different circumstances i know. But at there is a possibility of saving half of the house from going down the tube. I hope you find a solution to your problems, and once again I am sorry.