Different Electoral Role Address and Financial Address

Rich135

Hi there, Since finishing University I have had all my bank details registered to my parents, however I recently moved in with another family member for work where I eventually registered on the ER to vote (I havent been on the ER at my parents since Uni).

As far as I see it my address of permanent residence is my parents, while as this place is just somewhere I am "lodging"(the only formal think linking me here is the ER & my employers (So I guess HMRC as well?) as I am not on the utilities or anything like that). I have had a successful Credit Card application since being here(through my bank) but I dont know if this could create a big issue in the future.

I am looking at finding a place of my own in the future at which point I will have all financial details and the ER on that new address, but would the credit companies be smart enough to know and merge my accounts? Am I ok to declare my parents as my actual address, or should I declare this place? In which case, until my finance account and ER account get merged, will I not have a credit score? Does being on the ER matter that much for financial purposes once you already have a monthly "credit reporting" like a credit card?

Aquamania

Rich135 wrote: »

Hi there, Since finishing University I have had all my bank details registered to my parents, however I recently moved in with another family member for work where I eventually registered on the ER to vote (I havent been on the ER at my parents since Uni and got registered there).
As far as I see it my address of permanent residence is my parents, while as this place is just somewhere I am "lodging"(the only formal think linking me here is the ER as I am not on the utilities or anything like that). I have had a successful Credit Card application since being here(through my bank) but I dont know if this could create a big issue in the future.
I am looking at finding a place of my own in the future at which point I will have all financial details and the ER on that new address, but would the credit companies be smart enough to know and merge my accounts? Am I ok to declare my parents as my actual address? Does being on the ER matter that much for financial purposes once you already have a monthly "credit reporting" like a credit card?

You can use whatever address you want (and can be contacted via)

However, most applications also request address history of previous 3 years. Having these addresses tie in with what is on your credit history file is extremely helpful. Being on the electoral role at the address is also a very important point most creditors will check.

Eventually, having considered all the information available, it will be down to the creditor to decide what credit, if any, to extend.

Rich135

Aquamania wrote: »

You can use whatever address you want (and can be contacted via)

However, most applications also request address history of previous 3 years. Having these addresses tie in with what is on your credit history file is extremely helpful. Being on the electoral role at the address is also a very important point most creditors will check.

Eventually, having considered all the information available, it will be down to the creditor to decide what credit, if any, to extend.

Thank you! So, whilst I understand it is better to have everything (ER, Credit card, bank statements, phone bills...) under 1 address, I am still ok with just using my parents for anything "financial"? I realise I could be improving my situation, but doing this isn't necessarily making it any worse? I am assuming here that using the address that has credit history linked to it will be better than one that I am just on the ER with?