Which address to use for credit check?

housebuyer77_2

Hi, here is a question I would love some advice on:

When applying for credit, should my partner apply with the rental address she has lived at for 18 months (where she is on the electoral roll, but has no other credit history there), OR apply using her parents address (where she lived at for 15 years prior to renting the flat, and where also all her bank statements and credit card bills are registered, but unfortunately she is not registered on the electoral roll there).

I guess a search will link to the parents address if she puts that as a previous address so it would find the credit history there, but is it more important to be on the electoral roll or to live at the address where your credit accounts are sent to?

thanks

David

stclair

They should apply at there current address.

They will need to enter a previous address anyway so it will pick up the credit history from the other address.

dalesrider

housebuyer77 wrote: »

where also all her bank statements and credit card bills are registered,

David

Time to get the details updated I think......:eek:

Going to look a bit off applying from one address, but all account details are at another. Might make them dig a bit deeper.

sfax

You'll probably struggle to get credit if not on electoral roll. And you'll probably struggle to get credit if all of your credit agreements are at a different address to where you say you are living. Both indicate you are a risk.

Why update your details on the electoral roll but not your bank account?

housebuyer77_2

dalesrider wrote: »

Time to get the details updated I think......:eek:

Going to look a bit off applying from one address, but all account details are at another. Might make them dig a bit deeper.

I agree, which is why I thought we could give her parents address. We have checked experian and her rental address does not come up at all - not on linked or alias or previous address etc. So there is no record of the rental address currently on her file (even though she is on the electoral roll it does not pick it up and I think she is only on the limited register).

If we move all her accounts to the rental address right now, won't it seriously disrupt the score for a few months at least before the record builds back up?

I'm still thinking if we have to apply right now, there is a better chance of giving the parents address with 12 years of current account, salary,credit card etc than the rental address.

I know ideally we would move it all and wait before applying, but we will lose the house unless we make the application within the next few weeks.

housebuyer77_2

sfax wrote: »

You'll probably struggle to get credit if not on electoral roll. And you'll probably struggle to get credit if all of your credit agreements are at a different address to where you say you are living. Both indicate you are a risk.

Why update your details on the electoral roll but not your bank account?

Clearly my partner has made a mistake but the decision we have to make is which is the lesser evil? I think a long stable history should outweigh the electoral roll in terms of which is the biggest negative impact? There are posts on the forums of people who seem to have got mortgages without being on the roll...

We are in a tricky position now because we will lose the house if we wait for either the roll to be updated or for moving all the accounts to the rental address.

Do you guys think it is too high risk to apply? If we got declined, would it screw my chances of making a single application later on if we became associated?

jonesMUFCforever

housebuyer77 wrote: »

Clearly my partner has made a mistake but the decision we have to make is which is the lesser evil? I think a long stable history should outweigh the electoral roll in terms of which is the biggest negative impact? There are posts on the forums of people who seem to have got mortgages without being on the roll...

We are in a tricky position now because we will lose the house if we wait for either the roll to be updated or for moving all the accounts to the rental address.

Do you guys think it is too high risk to apply? If we got declined, would it screw my chances of making a single application later on if we became associated?

That is your opinion but not of the majority of the posters on here as you will/have find.
IMO put the address down where you are living - most applications ask for a 3 year address history so he can provide the other address.
Trying to beat the system by being too clever for your own good will unravel in the end.

dealer_wins

Its called fraud if lie on a credit application, and if caught the following CIFAS marker will not be great for future credit!!

sfax

If you want to fix the situation for future applications, move all of her credit agreements to her current address and then wait a month and check Experian and Equifax (£2 statutory reports). When they are updated for all agreements, apply.