Nationwide additional card holder

hasdogs

dzug1 wrote: »

That's what happened in this case - don't blame the Nationwide (other than maybe for explaining it badly), blame the regulations.

Do you have an address for the regulations so I can write and complain to them? Thought not.

Blame the government and if you voted for them look in the mirror and blame yourself.

Financial institutions are required to identify their customers (including additional card holder not really customers) sufficiently for the government to be able to track every financial transaction and associate it with an individual.

We are all terrorist supporting criminal suspects.

They record all our financial transactions, they keep records of all our telephone calls, they record all our movement on public transport, they read our number plates to record our movement in cars, they watch us on millions of CCTV cameras and are currently trying to record every email we send and web site visit we make. We should be afraid, very afraid and not of terrorists or criminals.

Degenerate

Moggles wrote: »

If you share a financial product (eg. joint bank a/c) with someone else, then you are financially linked to them and the poor management of their affairs could have an effect on your credit rating.

Additional credit card holders are a rather different scenario to a joint account as I understand it. It could be argued that as their financial affairs remain separate, as there is no joint responsibility, the account remains in one person's name and entirely down to them to repay, they've simply given another person the facility to spend on it.

Moggles_2

Degenerate wrote: »

Additional credit card holders are a rather different scenario from a joint account as I understand it. It could be argued that as their financial affairs remain separate, as there is no joint responsibility, the account remains in one person's name and entirely down to them to repay, they've simply given another person the facility to spend on it.

I wouldn't disagree, but I made no reference to additional card holders.
My post concerns the fact that credit ratings assess people, not dwellings

With regard to additional cards and whether links are created, we've been round that loop already.

In a nutshell, you would be right in most cases, but recently in certain circumstances some banks have started to link principle and secondary card holders, so the situation is not quite as black and white as it once was. (Please see #3, #4, #6 above)

p00hsticks

kew63 wrote: »

But then I'll just vote with my feet, hit them where it hurts, seems to be the only way.

From the description of your card usage though, rather than 'hitting them where it hurts', they'd probably be quite pleased if you went elsewhere though, as they're not really making any money out of you...