We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Business Bank Account & Credit Rating
WycGal
Posts: 2 Newbie
Hi, I can't seem to find an answer to this online so I am wondering if anyone here might be able to advise?
I am named as a treasurer of a local sports team that is being set up and the chairman has asked me to open a jointly held business or charity-type bank account with him for the team. However, I have concerns about this as I know he has a much poorer credit score than me and I am worried that having my name on a jointly-held bank account with him may affect my credit score and therefore my chances of obtaining credit in the future.
Can anyone clarify for me how this works with regard to a business or charity bank account? Thank you.
I am named as a treasurer of a local sports team that is being set up and the chairman has asked me to open a jointly held business or charity-type bank account with him for the team. However, I have concerns about this as I know he has a much poorer credit score than me and I am worried that having my name on a jointly-held bank account with him may affect my credit score and therefore my chances of obtaining credit in the future.
Can anyone clarify for me how this works with regard to a business or charity bank account? Thank you.
0
Comments
-
Neither of you have a credit score, so don't worry about a fictional number0
-
Thank you !!!. I have always believed that if I was to open a joint-bank account with someone who has a poor credit history that could affect my chances of obtaining credit in some way. Is this not actually the case then?0
-
They may look at the person you are linked to when you make an application.
But not at the made up scores0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards