We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Financial association
SarahNeedle1872
Posts: 6,166 Forumite
Just a quickie, and probably a silly question.... I have searched but couldn't find the answer!
I know having a joint acc/ mortgage becomes a financial link between two people, but does marriage? As most of you probably know, my OH can only be described as pants with money, and while I love him and want to marry him, I do not want ANY financial links to him....
Cheers
Sx
I know having a joint acc/ mortgage becomes a financial link between two people, but does marriage? As most of you probably know, my OH can only be described as pants with money, and while I love him and want to marry him, I do not want ANY financial links to him....
Cheers
Sx
'We are all in the gutter, but some of us are looking at the stars' - Oscar Wilde
0
Comments
-
Giving this a little bump!Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0
-
Was just about to do this myself, thanks FF!'We are all in the gutter, but some of us are looking at the stars' - Oscar Wilde0
-
Hi Sarah, i'm not sure if just having the same address makes you linked? I'm guessing the jnt acc and mortgage would be enough though? Sorry - not much help was i? :rolleyes:One step at a time
0 -
Actually you were, I hadn't thought about the address...'We are all in the gutter, but some of us are looking at the stars' - Oscar Wilde0
-
Joint address no longer makes you financially linked for the purposes of credit scoring. You have to have some financial connection - a joint bank account or mortgage. Marriage alone will not create such a link.
See Martin's guide here:Marriage doesn't hurt, joint finances does.
Simply marrying or living with someone with a bad credit score shouldn't impact your finances, as third-party data (i.e. someone else's info) doesn't appear on your file.
Yet if you're 'financially linked' in any product, it can have an impact. Even just a joint bills account will mean you are co-scored. If one partner has a poor history, keep your finances rigidly separate, and it should maintain access to good credit for the other.poppy100 -
I once had a financial link with my ex with Equifax.
The only reason I can think of was coz I named her on my car insurance.
0 -
Links confuse me, I think I'm linked to my mum (we have a joint current account) and she's linked to my dad (mortgage etc) but am I linked to my dad. No longer using this account for new posts from 20130
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.2K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards