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Cifas Marker

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Hello,

My partner has got a Cifas marker against his name. This marker will stay for around 6 years in total. I have a couple of questions (I have tried to research myself without asking on here but not getting very far).

1. Will he be able to open up a savings account now? He has an online current account with starling.
2. After the 6 years is up, will he be able to get a high street bank account / mortgage? Ultimately will it be a fresh start for him and will things go back to normal?

I am a homeowner and I really want to know if he will ever be able to get a mortgage himself.

Thank you for your help.

Comments

  • Gaz83
    Gaz83 Posts: 4,047 Forumite
    1,000 Posts Combo Breaker
    What's the marker for?

    Some banks will allow a person to open a very, very basic bank account only. Most won't touch him with a bargepole.

    In regards to 'clean slate', not quite. Although information disappears from credit files after 6 years, companies can hold data for far longer. It can be the case that companies 'wronged' by someone refuse to do business with them even after the 6 years are up.
    "Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."
  • Ben8282
    Ben8282 Posts: 4,821 Forumite
    1,000 Posts Combo Breaker Newshound!
    Can you provide more information? What did your partner actually do to get this marker?
This discussion has been closed.
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