Is there a Joint financial link ?

pearls_of_wisdom

Hi, could anyone advise on financial links just applied for car insurance quotes(MY MOTHER IS MAIN POLICY HOLDER) via money supermarket and told only soft searches would be used and would only be visible by myself and not any future potential lenders(I PHONED MONEY SUPERMARKET TO CONFIRM THIS) 1. The key point to this thread is this new insurance the main policy holder of car insurance is my mother and i'm just an additional driver on policy 2.This policy is to be paid over next 10 months via instalments/credit 3.My mother could possibly in 3/4 months time obtain a ccj via dispute with utility company 4.My main question is do readers of this thread think my own credit rating will be linked/affected if no 3 goes as stated above as i'm part of that car insurance we live at same address 5.I'm already aware that in the main it is joint bank accounts/mortgages that are definites for financial links but i would like to hear from anyone with a view or am i just being paranoid many thanks.

jonesMUFCforever

No you will not be financially linked with what you have written.
(As long as insurance is in her name and SHE pays for it out of her own account)

pearls_of_wisdom

jonesMUFCforever wrote: »

No you will not be financially linked with what you have written.
(As long as insurance is in her name and SHE pays for it out of her own account)

Many thanks, and for adding last point as i was thinking of using my own bank account direct debit to increase transaction levels at bank but i wasn't 100% sure if it was a smart move you have certainly helped me decide against :Tglad Arsenal only drew last night, title surely must be yours now thanks again

pearls_of_wisdom

:)Took out policy thur evening followed previous advice parents card used, any other pointers/opinions would be greatly appreciated