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Will my credit score affect my partners if we rent?

Jparker90
Jparker90 Posts: 7 Forumite
in House buying, renting & selling
Hi all,

Me and my partner will be looking to rent together in about a years time. I have terrible credit, my partner has a reasonable credit score. If we were to rent together would my score affect my partners?

Many thanks in advance

Comments

  • Tixy
    Tixy Posts: 31,455 Forumite
    No - living together / renting together does not create a financial association on your credit files.

    Opening joint bank accounts with overdrafts or having joint loans or a joint mortgage does create a link.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • Jparker90
    Jparker90 Posts: 7 Forumite
    Hi Tixy,

    Thank you very much. Im hoping to decrease my debt level significantly by then, but this is a relief!
  • steve1980
    steve1980 Posts: 2,334 Forumite
    By the way credit scores mean nothing. The score you see is not used by financial institutions.
    Estate Agent, Web Designer & All Round Geek!
  • Jparker90
    Jparker90 Posts: 7 Forumite
    Steve1980, can you explain more..
  • steve1980
    steve1980 Posts: 2,334 Forumite
    The credit score you see on Experian is their score on you (which means nothing). Not what any credit checking institute scores you at.

    That's why you see people on here moaning about their "perfect" credit score of 999 yet they can't get credit.
    Estate Agent, Web Designer & All Round Geek!
  • RAS
    RAS Posts: 34,958 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Experian are talking about including rental payments in credit scoring, which would link co-tenants. See Martin's blog.
    If you've have not made a mistake, you've made nothing
  • Jparker90
    Jparker90 Posts: 7 Forumite
    Do you have a link for Martins Blog about it?
  • Tixy
    Tixy Posts: 31,455 Forumite
    RAS wrote: »
    Experian are talking about including rental payments in credit scoring, which would link co-tenants. See Martin's blog.

    Hadn't seen that yet RAS. Thanks for pointing it out.
    Jparker90 wrote: »
    Do you have a link for Martins Blog about it?


    http://blog.moneysavingexpert.com/?p=16415

    (or the blue box on the right hand side of the screen)
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • Jparker90
    Jparker90 Posts: 7 Forumite
    You think it'll be brought into play RAS?
This discussion has been closed.
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