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can i damage my partners credit rating
needhelpd
Posts: 2 Newbie
i have a very bad credit rating and am wondering if i di a joint application with my partner could i damage hers any info would be helpful thanks.
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we are going to be putting down at least 15% but i do not want to do a joint application if it could damage her credit score0
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What do you mean by credit rating?
Is it just low or do you have adverse credit history?
If it adverse by being a joint applicant she becomes associated with it and so yes it would affect her.I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
It would effect her in terms of being rejected and searches being carried out in her name, as thats the most likely result if adverse is present at the moment!!
Everyone has an individual history, this includes financial associations with persons being financially connected, you are only connected when you have agreements together, not, looking for agreements.
The connections are only present in credit searches incase of someone "going missing"... if you do individual credit applications then they only take the individuals details as they would not be allowed access to the other person, unless they have their permission.
:-)Plan
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3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0
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