If I were to move in with partner

oravat

I am on a DMP and my b/f does not know. Please don't tell me to tell him because he really doesn't understand how people can get into debt - I have tried to mention a few times and then something will be on the TV or papers and he will go on about it.

My question is, if I were to move in with him would his credit file be affected?

I wouldn't have anything to do with his finances nor he mine. My name would not be added to anything and would not have joint accounts. Am I right in thinking that it wouldn't make him responsible for anything?

RAS

if you move him in with you, it does not affect his credit rating in any way.

However if you were to rent with him, your bad credit rating will affect your ability to rent jointly. So everything has to be in his name.

And you need to sit down together and do a proper budget, so that you know how much living together will cost. Otherwise, you will get in more debt and not being able to pay your share of the bills which will be a disaster.

niksyg

As RAS said, just by moving in together you will not affect his finances. Joint finance arrangements affect both credit files, not joint living arrangements.

However, are you really ready to move in with someone who you can't be honest with? I know your question is about the finance side, but if he finds out why you are having to be careful with money (ie to pay off debt as opposed to saving for a holiday) he may be pretty unhappy you weren't clear with him in the first place!

eyeopener2

Not telling him is a disaster waiting to happen. Cos he will find out, they always do.

Living together will make that sooner rather than later ( a phonecall he answers, or a letter he opens by mistake, or a statement you leave lying around in error) so just bite the bullet, confess and let him moan and whinge at you for a bit. That way it's out in the open.

If you move in and finds out you haven't be honest with him, what do you think will happen?

Trust me on this, I know from bitter experience.

afly

oravat wrote: »

Please don't tell me to tell him because he really doesn't understand how people can get into debt

Tell him.

You'll be paying for things you can't afford just to keep up the pretence and putting lie upon lie. It will come out at a time you are not prepared for.

Show him the good work you are doing to get out of the situation . If he can't appreciate that, then it's better to find out now than looking around for somewhere to live later with credit strikes against you.