Criminal convictions and loans.

citricky

I recently married a wonderful woman who has a somewhat colourful past during which she was found guilty of theft and deception and has several CCJs against her name (cheque fraud during a particular difficult period in her life). This was approximately 5 years ago since when she's turned her life around completely.

Unfortunately, these kind of convictions aren't viewed lightly by loan companies (quite rightly so!) and my attempts to borrow money against my current home also take into account my wife's history.

Does anyone know whether convictions of this nature stay with you for the rest of your life or whether people are given a second chance?

grumbler

Even if you are married, financial connection is generated only by joint financial products with credit facility (current account, loan, mortgage). If you don't have any such products, you can request her information to be removed from your credit files. See:

Other people
Financial associations and disassociations

citricky

I started applying for a secured loan against the home we live in but when I gave my status as married they insisted on my knowing my wife's details arguing that she has legally owns half of the house. Is this standard practise?

For some reason I can't open the link.

regularsaver1

only if she is named on mortgage?

citricky

The mortgage is in my name only. We were only married a month ago.

regularsaver1

the only reason i can think of - is that they have to ask of anyone who lives in the property other than the borrower over the age of 17 i think it is - due to their rights if the house was repossesed

jonesMUFCforever

Above post is correct. It is asumed that your wife would have 'some' claim on your house in the event of them having a charge over the house if you default. This makes it more difficult for the loan company to realise their security.

regularsaver1

yeah ejones they would not need to do any credit checks on her though would they?

micheleen

If the convictions are 'spent' under the Rehabilitation of Offenders Act 1974 then they do not need to be declared on any loan application.

Timescales for spent convictions here

This makes no difference to what would be shown on a credit check though

as400

The three credit reference agencies will not display if a person has a criminal record, not will give details of past crimes/convictions/sentances etc.

I have never seen a loan application form asking if the applicant has a criminal record.

CCJ's will be held on file against an individual for 6 years by the CRA's at the last address held by them.

If you move and the CRA can not find a link back to you at your previous address it makes it very difficult for them to show that you ever had any past previous unpleasantness.

The whole credit referencing system has this inherent weakness to it, thus why they always want to know where you have been for the past 3 years.

If you have just returned from abroad for example the whole system just falls down.

Ryan.Maloney

citricky wrote:

I recently married a wonderful woman who has a somewhat colourful past during which she was found guilty of theft and deception and has several CCJs against her name (cheque fraud during a particular difficult period in her life). This was approximately 5 years ago since when she's turned her life around completely.

Hi. I am a good, clean, honest person.

But you know they say knowledge is power and all that

So... I was wondering.. how do you do cheque fraud? Is it when you steal a cheque book and then write cheques to yourself?

or did she try and print out her own cheques on her computer. I know someone who tried it on MS word once.. they looked rubbish.

Maybe she could PM me and give me some tips. (I am thinking of going into the anti-cheque fraud profession, so all the info you can give me would be great)


hmm.. or is it like that film.. 'catch me if you can?'