Finances

Myth
  Myth
“I am being chased by credit card and loan companies who are owed money by my husband. If he doesn’t pay, I will be liable for the debts.”
Fact
  Fact
Credit card and loan companies can only take action against the person who owes them money. If all the debts are in your husband’s sole name, you cannot be sued because you have no legal agreement with those companies. They may continually contact you to ascertain the whereabouts of your husband, and you may get bailiffs knocking on the door, but they cannot take anything that doesn’t belong to your husband. However, if any of the debts are in your joint names, you are at risk of legal action and are therefore advised to seek specialist legal and debt management help in relation to this.

Visit the main Woolley & Co website For more information on Finances.

Woolley & Co Solicitors, Expert Legal Advice - Click here
Fact or Myth - Check now
Read our Blog - Click here
Woolley & co Solicitors