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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Application information
Thinking of applying for a loan to buy a car as I no longer have any outstanding credit at all.
However I moved out of my parents about 8 months ago and I am currently renting. The thing is all of my accounts such as my bank details and credit cards are still registered on my parents address. This hasn't been an issue because I manage everything online and am back home regular to collect any mail.
The reason I never changed my address was because loads of debt collection agencies were after the guy who rented the house before me. As far as I am aware this shouldn't make any difference but I was paranoid anyway.
So the question is if I apply for a loan on my parents address and they ask about my residential status I can't really put renting ? But if I put living with parents then I will effectively by lying on the application ?
I am thinking of using my parents address, anyone strongly suggest I shouldn't do this ?
However I moved out of my parents about 8 months ago and I am currently renting. The thing is all of my accounts such as my bank details and credit cards are still registered on my parents address. This hasn't been an issue because I manage everything online and am back home regular to collect any mail.
The reason I never changed my address was because loads of debt collection agencies were after the guy who rented the house before me. As far as I am aware this shouldn't make any difference but I was paranoid anyway.
So the question is if I apply for a loan on my parents address and they ask about my residential status I can't really put renting ? But if I put living with parents then I will effectively by lying on the application ?
I am thinking of using my parents address, anyone strongly suggest I shouldn't do this ?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards