Will my credit rating affect partner?

emteebull

Hi All

I wondered if anybody had any ideas or experience of this?

Im on a DMP and have 3 defaults registered against me. My partner has asked me to take out a mortgage with her. they have perfect credit ratings. If we do manage to get a mortage together, what would the effects be on her credit rating? (i dont want to trash hers as well!)

Thanks

SarahNeedle1872

AFAIK, it will only affect her credit rating when u have joint finances, which I believe includes a mortgage.... U may also find it harder to get a mortgage jointly if u are on a DMP
HTH

Sarah

JohnInDebt

As soon as you start applying for credit in joint names you will create a financial link and your credit history will affect each other.

Princess_Jane

my partner has three defaults and my credit rating is fine.

when we tried for a mortgage with my bank we got knocked back because of his credit history.

I showed my OH's credit report to an IFA and he said we wouldn't be able to get a mortgage off the 'high street' for four years!

This was two years ago and we haven't tried again as we are renting a house his parents have bought.

Sorry that's not good news but I guess every situation is different.

We have a joint bank account, joint bills etc but I have still managed to get 0 per cent credit card deals etc.

emteebull

Thanks for your replys all.