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Financial Links
sgx.saint
Posts: 1,615 Forumite
Hey All.
Quick question which I am a little un-sure about, as I have heard conflicting advice.
Basically, I want to open a business account with a new business partner.
If we open this account together, we are only financially linked on this new account?
Is this correct?
Quick question which I am a little un-sure about, as I have heard conflicting advice.
Basically, I want to open a business account with a new business partner.
If we open this account together, we are only financially linked on this new account?
Is this correct?
0
Comments
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Think so, if i remember rightly. Although you are only linked with this account, the link will show on ANY credit search and so can have an impact on the decision.No Longer works for MBNA as of August 2010 - redundancy money will be nice though.
Proud to be a Friend of Niddy.
no idea what my nerdnumber is - i am now officially nerd 229, no idea on my debt free date0 -
Thanks for the reply.
I have an adverse credit history, from my previous credit commitments and I just wanted to check that my adverse history would not affect my new business partner.
My understanding as I have already said is that we are financially linked on the new account alone and not to my previous accounts.0 -
A quick bump to see if I can get some more feedback on this
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