Having all household bills in one persons name

QuBoyd

Hi All,

New here so sorry if I am asking something which has already been discussed but couldn't find anything on a search.

My questions is: My wife and I got married last year and have since created joint accounts where we both place a set amount of money into each month and all of the household bills come out of that "pot". Mostly all of the bills for the house i.e Gas, Electric, Council Tax etc are in my name. I wanted to know if this has a negative effect on either of our credit profiles? We both have great scores but I didn't know if having all of the account in my name would affect my wife's or mine and should we split them between us?

Thanks in advance for any help anyone can give me on this,
Conor

[Deleted User]

Golden rule: don't have any bills in joint names. There's no advantage in doing so, but there are disadvantages of having joint liabilities. Don't provide more than a single name to any utility company. Council tax is never reported to credit agencies, so that one is not quite as important. Splitting the bills between you is okay.

[Deleted User]

Remember your "scores" mean nothing they are numbers made up by companies that don't lend money.

QuBoyd

Thanks for the replies guys!

So we don't have anything in joint names which I didn't know was a no no before but we don't anyway and most things are in my name.

Thanks again for the quick replies!

pelirocco

If you ever need to have proof of identity , they often ask for a utility bill . If you have all bills in one persons name its a bit of a pain

chelseablue

For our house only the mortgage and council tax are in joint names

The rest are just my name

Husband has a mobile phone in just his name