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 associate impact on loan application
justheclothesonmyback
Posts: 37 Forumite
in Loans
hi all,
wonder if anyone can advise...
OH is planning on a small loan to help him start a new business. Checked his credit report and all is ok, lovely green O's showing he's always up-to-date on his payments and over 900 score. My concern is that although our finances are totally separate and we have no joint accounts whatsoever, I am shown as a financial associate. I assume this came about when I applied for a loan and filled in the appropriate personal details regards marital status.
I am really worried that this will prejudice his application negatively as I am currently in arrears and struggling with my cc repayments on a self-managed debt management plan.
can anyone who works in the industry clarify this point for me please? Will lenders check my report too/have the authority to check my report also, if I am named as an associate, but we have no finacial products in joint names?
many many thanks in advance for your help
wonder if anyone can advise...
OH is planning on a small loan to help him start a new business. Checked his credit report and all is ok, lovely green O's showing he's always up-to-date on his payments and over 900 score. My concern is that although our finances are totally separate and we have no joint accounts whatsoever, I am shown as a financial associate. I assume this came about when I applied for a loan and filled in the appropriate personal details regards marital status.
I am really worried that this will prejudice his application negatively as I am currently in arrears and struggling with my cc repayments on a self-managed debt management plan.
can anyone who works in the industry clarify this point for me please? Will lenders check my report too/have the authority to check my report also, if I am named as an associate, but we have no finacial products in joint names?
many many thanks in advance for your help
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards