Does IVA impact credit score of others at same address?

longtermplanner

Unhelpful?

You have to remember we cannot see the full situation. We don't know of any other reasons why you might be declined credit. Have you got copies of your credit file information from all 3 CRAs? We can't see what is on them, so all we can do is speculate.

tinkledom

mercexe wrote: »

Thanks for this unhelpful speculation. :wall:

If you've never shared a credit product with a person why should it be assumed your relationship with credit is the same?

It doesn't matter if you have never shared a credit product, what does matter is that there are strong links between you.


For all that anybody knows you might be a two man team with you up front obtaining credit that might well be for both of you.


As I have said, a credit file isn't just about credit, it's about perceived risks as well by having connections with other people.

Thrugelmir

mercexe wrote: »

I've been rejected for 3 credit products since my Mother got an IVA. I have no financial connections.

My credit record is flawless so I'm confused as to why this might be, unless they are seeing an IVA registered at the address and rejecting for that reason.

That's totally meaningless. A lender assesses you not the other way round. Any number of factors will impact the outcome.