Joint bank account with no effect to my credit rating?

kerry_lee1979

Hi all, I'm hoping someone can help, I want to open a joint bank account with my boyfriend but his credit rating is not good, mine is not top ratings but good enough so I was wondering if there is any way of getting a joint bank account without his credit rating affect mine. Any advice would be greatly appreciated. Thanks ��

Lith

Wouldn't advised it. Go it alone keep your account for you and his account for him.


Worst possible thing if he has bad credit.

Don80

kerry_lee1979 wrote: »

Hi all, I'm hoping someone can help, I want to open a joint bank account with my boyfriend but his credit rating is not good, mine is not top ratings but good enough so I was wondering if there is any way of getting a joint bank account without his credit rating affect mine. Any advice would be greatly appreciated. Thanks ��

Unfortunately not. When you open a joint account it creates a financial link on your credit files. I think that applies to savings accounts too. I am in a similar situation, so I'm not opening a joint account until my partner has everything sorted - which will be some time.

eskbanker

Don80 wrote: »

When you open a joint account it creates a financial link on your credit files. I think that applies to savings accounts too.

No, not according to http://www.moneysavingexpert.com/loans/credit-rating-credit-score#linked:

There are currently only four products that can infer financial linking – a joint mortgage, a joint loan, a joint bank account (not savings as they don't go on credit files), and in certain circumstances, your energy bills.