Joint Accounts and Credit Files

questionsquestions_2

My credit file is ALMOST fine apart from one default from 3 years ago for just £60 and which is disputed on a bank account with an overdraft. I do not believe I owe the bank the money and told them I would not pay and why and asked them to take me to court for the money, they have stopped asking for the money but have never taken me to court so the status of the default is in limbo, and so it just sits on my credit file. I have tried asking them to remove it to no avail. In principle, I don't want to pay this amount because I don't think that I owe it, however even if I did it would still show as a default, wouldn't it?

Although this seems like a trifling amount, it's the only blip on my file and I believe I have been refused a credit card from my own bank because of it and earlier this year a contract mobile phone (though I have had a credit card from vanquis for 2 years now with a respectable credit limit). Everything else on my file seems to be in complete order - address, electoral register, everything.

I want to open a joint savings account with my boyfried, but I am concerned about the effect it will have on his credit file. His credit file is currently fine, it seems so silly for him to get turned down for stuff though just because we have opened a joint savings account (i.e. not a credit account) but yet the application form is clear that the bank will use and report to CRAs.

Views? Advice?

Thanks

YorkshireBoy

Savings accounts don't create financial associations.

Why on earth didn't you pay the £60 (under duress if necessary) and then make a complaint. Would have saved yourself a whole lot of trouble for the next 6 years.

questionsquestions_2

Thanks that's all I needed to know.

And I didn't pay it because I don't owe it. What part of that do you find difficult to understand?

YorkshireBoy

questionsquestions wrote: »

What part of that do you find difficult to understand?

That you've let it drag on 3 years, and it will affect you for a further 3 years (or 6 depending on whether the account is closed/settled yet), when their complaints procedure takes only 8 weeks to resolution/referral to the FOS.

If you didn't owe the money the FOS would have found in your favour and the default would have been removed long ago.

questionsquestions_2

YorkshireBoy wrote: »

That you've let it drag on 3 years, and it will affect you for a further 3 years (or 6 depending on whether the account is closed/settled yet), when their complaints procedure takes only 8 weeks to resolution/referral to the FOS.

If you didn't owe the money the FOS would have found in your favour and the default would have been removed long ago.

So your advice is to get in my little time machine, go back 3 years and do everything differently? Gosh, that's helpful.

YorkshireBoy

questionsquestions wrote: »

So your advice is to get in my little time machine, go back 3 years and do everything differently? Gosh, that's helpful.

Are you tired? You're certainly bad-tempered!

You asked a question and I answered it.

Let's try again shall we?...Why not make a formal complaint now?

I'm no expert, but don't defaults eventually turn into CCJs?

YorkshireBoy

questionsquestions wrote: »

...even if I did it would still show as a default, wouldn't it?

Sorry, missed this bit on the first read.

It would show as a 'satisfied' default, and look much better on your credit report than an unsatisfied one.

KingElvis

questionsquestions wrote: »

So your advice is to get in my little time machine, go back 3 years and do everything differently? Gosh, that's helpful.

You're very aggressive, people have given you good advice.

Your principals have cost you six plus years of being rejected for decent credit deals, that's why people were finding it hard to choke down what you've done.