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!

would my bad credit affect family member

pie_man_2
pie_man_2 Posts: 92 Forumite
edited 16 March 2011 at 6:00PM in Debt-free wannabe
:mad:my son applied for finance to buy a van he only wanted a top up but was refused ,would my dmp afect him ,he has a loan with them

Comments

  • RAS
    RAS Posts: 36,206 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Do you have any joint bank accounts or other accounts with your son?
    If you've have not made a mistake, you've made nothing
  • pie_man_2
    pie_man_2 Posts: 92 Forumite
    no ,we do not have any financial ties ,only that he lives with me,thanks
  • RAS
    RAS Posts: 36,206 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    In that case, there is no way your DMP could affect his credit rating.

    He might be advised to check his own credit records in case there is something there.
    If you've have not made a mistake, you've made nothing
  • Hannah_10
    Hannah_10 Posts: 1,774 Forumite
    Odd question but you haven't got the same name have you? By that I mean first as well as last name.
    I refuse to be afraid of the big bad wolf, spiders, or debt collection agencies; one of them's not real and the other two are powerless without my fear.
    (Ok, one of them is powerless, spiders can be nasty.)


    As of the last count I have cleared
    [STRIKE]23.16%[/STRIKE] 22.49% of my debt. :(
  • pie_man_2
    pie_man_2 Posts: 92 Forumite
    no we havent ,he said he got accepted over the phone ,but the dealer said it got declined
  • Hannah_10
    Hannah_10 Posts: 1,774 Forumite
    It's the credit crunch, they are being really hard on who they lend to. If you had the same name there is small posibility of a mix up but that's not the case here. He needs to get his credit files (all 3 of them) and have a look at what's on them. They contain the same information the lenders see and make thier decisions on.
    I refuse to be afraid of the big bad wolf, spiders, or debt collection agencies; one of them's not real and the other two are powerless without my fear.
    (Ok, one of them is powerless, spiders can be nasty.)


    As of the last count I have cleared
    [STRIKE]23.16%[/STRIKE] 22.49% of my debt. :(
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.5K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.5K Spending & Discounts
  • 245.5K Work, Benefits & Business
  • 601.5K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.