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Joint loan

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I’m looking to take out a joint loan with my husband to clear both of our credit card debit, but if, in the future, after the loan has been cleared, will our credit history still be linked? If my current individual credit rating
is better than his, should I keep it separate? Are we better off have two individual loans, even if the total paid back is the same, just to keep our credit ratings separate?

Comments

  • If you are married surely you have something else that links you financially anyway?

  • gg23
    gg23 Posts: 31 Forumite
    10 Posts Name Dropper
    edited 14 September 2020 at 2:04AM
    venison said:
    If you are married surely you have something else that links you financially anyway?

    Yes, like a mortgage perhaps?  Or a joint current account?

    Also, it really doesn't matter what your credit rating is, it's what's on your files that matters.
  • if you aren't already linked, then you may well prefer to stay separate - not wishing to be a prophet of doom, but you never know what the future holds, and should you ever split it is easier if your finances are not linked. 
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