Partner moving in but has bad credit - letter of disassociation

longwalks1

My gf has moved in but has a bad credit history, I remember a few years ago writing leeters of financial disassociation to some places (possibly credit companies?)

anyone know who i should let know we have no financial involvement as i dont want it effecting my good credit history. Incidentally i was refused a CC application last week, first time ever, could it be because of this?

Thanks in advance people

BitterAndTwisted

You can't disassociate yourself from someone with whom you have no association. That means things like a join bank account. it's unlikely that you were turned down for a CC just because of your girlfriend as the CC company would be unlikely to have the information that you're living in the same property. In any case, she could just be a lodger for all anyone knows. It's much more likely that the CC company have decided that you've quite enough access to credit for their liking.

longwalks1

Ok thanks, i had to sign sometihng a few years ago when i lived at home and my dad was struggling financially, to say i had no financial interest in the property i think? (was about 10 years ago i think)

So her moving in wont effect my credit score, her being registered on electoral role at my address?

Thanks again

BitterAndTwisted

No, not unless you get a joint bank account, loan or mortgage together.

Pumpkin7

This isnt true at all! I had assocations on my credit files with my ex who has a HORRIBLE credit history- I mean serious debts. Simply because he lived with me at my parents at the time we had associations. Infact a year after we split up bailiffs came to my fathers house due to thosuands he owed on a credit card.

All I did was write to credit expert and experian and ask them to move any link and it was done very quickly.

BitterAndTwisted

Pumpkin, I think that's nonsense or that you have totally misunderstood what has been discussed. The reason the bailiffs turned up at your father's house was because that was the address they had for the debtor. Now, if debt-collection letters had been addressed to you or your father and then the bailiffs had turned up demanding payment from you or your father this would be a totally different story. Did they?

There is no financial association solely by address. There has to a financial link between the parties like a joint bank account, a loan or some other kind of signed contract.

spud211

BitterAndTwisted wrote: »

There is no financial association solely by address. There has to a financial link between the parties like a joint bank account, a loan or some other kind of signed contract.

Correct that there *should* not be any link just by living there - however it can and does happen (credit companies make mistakes), and even very innocuous things can cause a link, such as getting sky in both names, utility bills, phone bills etc.

My advice would be to be careful - there is no need to write a letter at the moment but its worth checking your credit file every 6 months or so to see if you have been linked, and if so you can easily correct it with a single letter. You should be checking your file regularly anyway, it's common sense due to the aforementioned credit company mistakes.

BitterAndTwisted

spud211 wrote: »

and even very innocuous things can cause a link, such as getting sky in both names, utility bills, phone bills etc.

Those were the type of things I was alluding to when I mentioned "signed contracts". It should be flaming-well obvious that if you take out an agreement like one of those in joint names it would be a financial link. Only a five year old child or someone completely financially naive would believe otherwise.

I completely agree with your advice to check your own file with the credit agencies as this is very sensible.

Experian_company_representative

Good advice above. Your credit report will tell you if any links are registered to other people (look in the financial associations section). If there aren't any links to your girlfriend then her credit report would simply not be available to any lender carrying out a check in your name. From what you say it might be a good idea to keep them separate if you can.

James Jones

Pumpkin7

I think as someone who has actually been through this situation I am fairly well qualified to answer! I never entered any joint agreements with this scum bag ( I was only 19 years old at the time so would hardly be after a mortage etc, lived with parents so wouldn't have got sky together etc).

The advice above is spot on- simply avoid any future problems by reguarly checking your file and if any links appear simply write to the two credit agencies and ask for the link to be removed. It really is nothing to worry about as long as you keep checking your records.