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Reply to "MIL's out-of-control spending"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Stop helping them out financially. If you do, you need to get power of attorney. Your MIL shouldn't be allowed to open new credit card accounts. OP, take your DH to a reputable credit counselor who can explain why enabling them is BAD. http://www.consumerfinance.gov/managing-someone-elses-money/ [/quote] Ok What is it with you people and power of attorney ??? You cannot just get a POA because someone has bad credit and over spends !!!! Da hell ! you think bankruptcies would be happening if you could just do that ?[/quote] Those people just crazy.... You can't stop sane person from making financial decisions. Optiins are limited - protect property ( as Ops DH already done - house is owned by the trust), pay utilities directly, and sign IL for grocery delivery ( or give GC to closest grocery store), and let free market to deal with it. Once MIl max out her card - she wont be able to spend more, credit will be tanked, no more cc for her. I suggest therapy for OPs DH to help set boundaries, and don't feel bad about it. I bet that MIL will try to send poor son into guilt trip. MIL does need professional help too, but unless she is ready to get help - it won't work. [/quote]
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