credit file boosting

brownen

Hi everyone,
I'm after a quick bit of information please. is it possible to boost someones credit score by placing them on one of my credit agreements? Apparently this works inAmerica but I don't know about here

thanks
Neil

Bokkens

I would say no.
By taking on extra debt you are weakening your credit score with the credit agencies this score is then raised again when your debt is paid off(settled).
Your credit rating only improves when your available credit is reduced thereby reducing the risk to the lender.

brownen

Hi,
sorry, I don't think I phrased my question correctly, I am actually asking because my partner has no credit score so therefore if I put her name as an additional card holder would she then benefit from the fact that I would be paying off the credit card?

thanks
Neil

YorkshireBoy

brownen wrote: »

if I put her name as an additional card holder would she then benefit from the fact that I would be paying off the credit card?

No. Unlike current accounts, mortgages, and loans, there's no such thing as a joint credit card in the UK.

The primary cardholder has sole responsibility for any debt placed on the card by any secondary cardholders.

brownen

thank you, thought I'd found a way to help but alas it was not to be
thanks