Financial Connection

Is there actually anything on either creditvfile to be worried about s financial connection. Would appear that if you!!!8217;re a cash buyer you!!!8217;re unlikely to be I need of credit or worrying about a financial link...but appreciate that!!!8217;s prett presumptuous.

nic_c wrote: »

Will you both be living in the house together? Is it connected to utilities? If the answer to both is yes, then disconnecting would be short lived as you would both be on the water bill, irrespective of who pays it as water companies deem all occupants jointly responsible. This would be a financial connection for you.

Financial connections are supposed to be for joint financial products such as current accounts and mortgages, not for utility bills. Regardless, the CRAs permit utility companies to game the system and set up financial associations when they've no business doing so. This is one to bring to the attention of the ICO. That said, you can also work the system: never set up a utility account in joint names and never disclose details of household occupants to the utility companies. As far as the water company is concerned, yes, they try for joint liability. However, the same applies here. Do not, under any circumstances, inform the water company about occupants of the property other than yourself. And only provide minimum information about yourself (name only, no previous addresses).


I'm guessing the OP has been linked to his wife via a utility account. This will need to be removed by informing the CRAs that it does not apply. Again, this is an area for regulation. At the moment the CRAs report non-existent financial links. In other words, they lie about your circumstances. I thought credit files are supposed to represent the truth.

Car1980 wrote: »

The house is a cash buy, but we are being lent some of the money by a relative so intend to get a personal loan to pay it back once we are in the property and on the electoral register etc.

One of us has more credit card debt than the other, so I wanted to keep us separate because it seems likely to me that one of us would get a better rate than the other.

We've lived together for 8 years so I can't see United Utilities suddenly creating the association out of the blue. They only know about me and every other utility is in my name as well.

The only thing that I can see would create the association is the solicitors search from January.

I'll send off all the Notice of Disassociation forms to the three agencies anyway and see what happens.

Wife a second card holder on one of your credit cards - or vice versa? Again, this shouldn't create a financial association but some providers take it upon themselves to create one anyway, M&S credit card being a well-known one for this stunt.