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  • FIRST POST
    • marliepanda
    • By marliepanda 6th Sep 17, 2:27 PM
    • 4,676Posts
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    marliepanda
    Financial Disassociation
    • #1
    • 6th Sep 17, 2:27 PM
    Financial Disassociation 6th Sep 17 at 2:27 PM
    Hello

    I was hoping to get a quick bit of advice. I have a financial association on my account from 2012, just a joint utility bill with an ex. It closed in 2012, no balance.

    1. I'm concerned that if say he went bankrupt or had CCJs that could negatively affect me, even after 5 years with no financial association. Is this possible?

    2. I've inquired about getting a financial disassociation sorted on my Credit report. when I asked they said I had to file a dispute. Now, could this negatively affect my credit history if I have a dispute on there? I don't dispute that financial tie existed, I just want to say it doesnt exist anymore.

    3. Will it drop off after 6 years anyway?
    Survey Earnings 2017 - £163
Page 1
    • zx81
    • By zx81 6th Sep 17, 2:34 PM
    • 13,192 Posts
    • 13,509 Thanks
    zx81
    • #2
    • 6th Sep 17, 2:34 PM
    • #2
    • 6th Sep 17, 2:34 PM
    You can have the association removed if you no longer have joint products. It won't impact you negatively, and you'd be wise to do so.

    However, the account itself will remain on your file for the full 6 years.
    • marliepanda
    • By marliepanda 6th Sep 17, 2:36 PM
    • 4,676 Posts
    • 9,375 Thanks
    marliepanda
    • #3
    • 6th Sep 17, 2:36 PM
    • #3
    • 6th Sep 17, 2:36 PM
    Thanks, got a mortgage app going through so I may wait until thats sorted and the file a disassociation with all three companies. Its not doing any harm at the moment (it seems) so I may not rock the boat until mortgage is sorted....
    Survey Earnings 2017 - £163
  • National Debtline
    • #4
    • 6th Sep 17, 4:52 PM
    • #4
    • 6th Sep 17, 4:52 PM
    Hi marliepanda

    Is it definitely a utility debt that has given you the financial association with your ex partner? The Experian website states living together or having both your names on a utility bill does not make you financially associated.’ You can find the information here https://help.creditexpert.co.uk/help/sv635/Credit_report/financial_associations. Either way, if the debt has been paid off you should be able to be disassociated.

    Susie
    @natdebtline
    We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps
    • marliepanda
    • By marliepanda 7th Sep 17, 9:51 AM
    • 4,676 Posts
    • 9,375 Thanks
    marliepanda
    • #5
    • 7th Sep 17, 9:51 AM
    • #5
    • 7th Sep 17, 9:51 AM
    Hi marliepanda

    Is it definitely a utility debt that has given you the financial association with your ex partner? The Experian website states living together or having both your names on a utility bill does not make you financially associated.’ You can find the information here https://help.creditexpert.co.uk/help/sv635/Credit_report/financial_associations. Either way, if the debt has been paid off you should be able to be disassociated.

    Susie
    @natdebtline
    Originally posted by National Debtline
    This is how it appears:

    Financial connections
    NAME OF CONNECTION SOURCE LAST CONFIRMED
    Mr X X XX British Gas - Electric 10/07/2011
    Date confirmed 10/07/2011



    It was also never a 'debt' it was just a joint account we had which was paid on time and closed down when we left the property with no balance outstanding.

    Also I got my dates wrong, its over 6 years now, shouldn't this be gone, or is this something different?
    Last edited by marliepanda; 07-09-2017 at 9:55 AM.
    Survey Earnings 2017 - £163
    • takman
    • By takman 7th Sep 17, 10:00 AM
    • 2,623 Posts
    • 2,179 Thanks
    takman
    • #6
    • 7th Sep 17, 10:00 AM
    • #6
    • 7th Sep 17, 10:00 AM
    Thanks, got a mortgage app going through so I may wait until thats sorted and the file a disassociation with all three companies. Its not doing any harm at the moment (it seems) so I may not rock the boat until mortgage is sorted....
    Originally posted by marliepanda
    I would recommend you do it immediately and get it sorted. When you ask them to remove the financial association you will just need to fill in a form for them to review the information and decide if it should be removed. Nothing appears on your credit file by doing this and only two things can happen:

    1. They accept it and the financial association disappears completely
    2. They don't accept it and nothing changes on your credit file

    So there is no risk and no reason not to do it.
    • marliepanda
    • By marliepanda 7th Sep 17, 10:35 AM
    • 4,676 Posts
    • 9,375 Thanks
    marliepanda
    • #7
    • 7th Sep 17, 10:35 AM
    • #7
    • 7th Sep 17, 10:35 AM
    Okay done with MSE credit club for Experian and Noddle for CallCredit. whats the 'free' equifax version?
    Survey Earnings 2017 - £163
    • takman
    • By takman 7th Sep 17, 11:32 AM
    • 2,623 Posts
    • 2,179 Thanks
    takman
    • #8
    • 7th Sep 17, 11:32 AM
    • #8
    • 7th Sep 17, 11:32 AM
    Okay done with MSE credit club for Experian and Noddle for CallCredit. whats the 'free' equifax version?
    Originally posted by marliepanda
    Clearscore
    • marliepanda
    • By marliepanda 7th Sep 17, 11:41 AM
    • 4,676 Posts
    • 9,375 Thanks
    marliepanda
    • #9
    • 7th Sep 17, 11:41 AM
    • #9
    • 7th Sep 17, 11:41 AM
    Hi marliepanda

    Is it definitely a utility debt that has given you the financial association with your ex partner? The Experian website states living together or having both your names on a utility bill does not make you financially associated.’ You can find the information here https://help.creditexpert.co.uk/help/sv635/Credit_report/financial_associations. Either way, if the debt has been paid off you should be able to be disassociated.

    Susie
    @natdebtline
    Originally posted by National Debtline
    Clearscore
    Originally posted by takman
    Thanks! It doesnt seem to appear on that one?
    Survey Earnings 2017 - £163
  • National Debtline
    Hi again marliepanda


    Not all companies choose to report to all the credit reference agencies. That could explain why there is no financial association showing on Clearscore. Good news that you've applied for the disassociation with the other two agencies.


    Susie
    @natdebtline
    We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps
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