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Does BR affect others in the house ?
sweeper12
Posts: 227 Forumite
Hiya
Just thought I'd ask if anyone knew this cos my other half is constantly being turned down for credit. It started happening when I had defaulted for several months before my BR, his existing card suppliers were reducing the amount of his credit limit. He has since applied to other lenders for cheaper deals but gets a NO each time - even from the higher rate cards which he tried to see if he would be accepted just for clarification. We have checked his credit file and all seems ok, his score is into the 800s.
We have a joint mortgage. Could this be the rogue "link" to me ?
Cheers
Just thought I'd ask if anyone knew this cos my other half is constantly being turned down for credit. It started happening when I had defaulted for several months before my BR, his existing card suppliers were reducing the amount of his credit limit. He has since applied to other lenders for cheaper deals but gets a NO each time - even from the higher rate cards which he tried to see if he would be accepted just for clarification. We have checked his credit file and all seems ok, his score is into the 800s.
We have a joint mortgage. Could this be the rogue "link" to me ?
Cheers
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Comments
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Yes any joint credit/debt will link you.Barclaycard 3800
Nothing to do but hibernate till spring
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Thanks BH
I thought that might be the case...............0 -
Broken hearted-why do you post rubbish???!!! The only way it will 'link' is if it is a JOINT credit card/loan &/or if any credit agreements are/have been joint.
A credit search is done on NAME only.
You have not answered my question in the other thread....what have you got against BR (after all you said you'd been strongly advised to go BR)....why have you not gone BR?
I fail to see why someone who has no intention of going BR posts at all on a 'BR & living with it' board.I don't know weather its because you percieve it as 'easy' when you are scrimping/saving/watching every penny/fighting off creditors? Well....apart from the 2 month 'soul-searching' & making the decision to do it let me tell you it WAS easy! 3 3/4 hours of my life (OR meeting face to face & 45 mins in court) & over 95K gone-no more hassle/worry-a fresh start.0 -
debtmonkey1 wrote: »Broken hearted-why do you post rubbish???!!! The only way it will 'link' is if it is a JOINT credit card/loan &/or if any credit agreements are/have been joint.
Isn't that what BH said??0 -
They have joint debt on the mortgage which links them. If they didn't then no it wouldn't effect the partners credit. Debtmonkey you are the one giving bad advice here please go check your facts on this on not just jumping on someone because you don't like them.Barclaycard 3800
Nothing to do but hibernate till spring
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Broken_hearted wrote: »They have joint debt on the mortgage which links them. If they didn't then no it wouldn't effect the partners credit.
This is absolutely correct - after all a mortgage is only another name for a secured loan.I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.
HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7
DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS0 -
debtmonkey1 wrote: »Broken hearted-why do you post rubbish???!!! The only way it will 'link' is if it is a JOINT credit card/loan &/or if any credit agreements are/have been joint.
A credit search is done on NAME only.
Very clever. And one of the things on the search is any financial links with anyone esle. And guess what a joint mortgage is?0 -
SORRY SORRY all & BH,
Must need glasses/more coffee-somehow missed the 'joint mortgage' bit!!!
Many apologies BH!! Not that I don't like you (I don't even know you!!)-just don't understand your stance re: BR given that you said in a previous post you'd been stringly advised to do it?
Will engage brain/buy glasses/srink coffee before posting....sorry again-no ill will intended!0 -
well just thought i would put my bit in , i have gone B/R and partner has always had and got good credit up until then , he has gold cards ,morgage. loans (well none now but has had ) but now he carn't get nowt,
and we have separate everything , bank accounts the bills in his name, and him on morgage on his own , we are joined together on nothing it has defo affected his credit0 -
There must be something linking you0
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