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Reply to "MIL's out-of-control spending"
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[quote=Anonymous][quote=doodlebug][quote=Anonymous]My mom has a similar spending problem but my dad has financial resources. He is retired and pays all the household expenses, health care, etc. She has a part time job that pays he car payment and spending $. For years my dad has paid off her credit cards and finally realized that if she maxes them out, and her credit stinks, she can't get any more. and it's in her name, not his so [b]he's not responsible for the debt.[/b] I say all this to say, don't sweat it, encourage others to let her keep her secret cards and at some point she won't get anymore credit. Her problem, not yours.[/quote] I'm not sure that's true since they're married, is it? I thought assets and debts belonged to both marriage partners equally??[/quote] Not necessarily. However, my fear would be that she would start opening credit cards and accounts in FIL's name. It would be easy to do so, I'm sure she has access to his SSN. This lady is a spending addict. SHE NEEDS PROFESSIONAL HELP AND TO BE CUT OFF FINANCIALLY.[/quote]
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