Girlfriend with debts and bad credit, live with me?

keogh

Hi Guys,

I am a homeowner with a very good credit rating, noodle 5/5 rating and never have any issues getting loans etc and haven;t missed a single payment to anything (or been overdrawn once) in my 33 years of life.

The question I have is, my girlfriend is the complete opposite. She has had numerous companies asking for money, she has even taken out pay day loans in the past (prior to me). She now has a DMP to cover most of these debts, but has a horrendous credit rating.

I've been with her for 2 years now, and am at the point where I want her to move in with me, and she wants the same, but I'm holding back cos I very worried having her registered at my address my mess up my credit rating? Or affect my borrowing power in the future? Is this likely? Or would he being officially registered at my address not affect me at all?

Any advice is greatly appreciated!

Thanks

Steve

BJV

If you really really love her and see a genuine future it should not matter. Yes Credit ratings and important, yes her moving in may have an effect but???


An excellent credit rating will not keep you warm at night, make you laugh or give you a hug.


Just make sure that if she moves in that she gets a grip and sorts herself out.


Good luck

keogh

I do indeed she a future with her that's for sure, but just wanted to see how badly it would affect me.

But you are completely right, she is getting much better and she will improve with her spending more and more.

heartbreak_star

This was me and OH a few years ago, and we're fine. Just don't get any joint finances with her.

HBS x

HappyMJ

As above no joint finances until her free noddle score shows 5/5 as well. No mortgage yet but renting is fine..pay it on time and it won't as this point in time appear on your credit report.

TBagpuss

As long as you keep your finances separate then it should not affect you.

That means no joint accounts, no joint tenancy, no bills in joint names.

I would also suggest a serious conversation with her before you move in together so that the two of you can agree on how you will manage your financial affairs so that it doesn't become a source of friction between you.

In particular, think about how you will split costs of things such as holidays, day to day living costs: it can build resentment if one partner is able to afford more than the other or if one partner starts to feel that they are paying more than their fair share, particularly if it is due to bad financial management. Equally, it causes problems if one partner feels they are being nagged or 'managed'.

It's OK to have different financial styles but money is often a source of conflict, so discussing it openly and making sure that you both have similar expectations about your financial life together i*before* you move in can help avoid bigger disputes further down the line.

Pixie5740

I don't know why people think that others living under the same roof as you have any impact on your credit file...they don't. This hasn't been the case for years now. What does financially link people is having joint accounts, loans and mortgages.