We moved to Spain in 2003 and now I have to return to the UK due to us splitting up. My husband told me today that he did not pay off his credit card bill or loan (both in joint names) Will this effect me getting a mortgage back in the UK. We have had a mortgage in Spain for 3 and half years and a credit card, can this go in my favour or do UK lenders not check foreign accounts and will I have a CCJ even though we'd left the Country.
2006-12-10 08:28:43 · 6 answers · asked by Northern Lass 1 in Business & Finance ➔ Credit
If the credit card was in your joint names then the CCJ if registered will be in both names.
Basically if you have a credit commitment such as a credit card or loan and don't make any payments, for example when you left the country, the company would have writen to you or your husband at your last known address. If they received no response and no payments they would have sent a default letter out. If this was ignored, then they would probably have passed the account to a debt collection agency who presumably would have tried to make contact. Given that they would not have had any luck they would have passed the debt back to the original company who would then have applied to the court to register a CCJ against you.
However, you can write to the credit reference agencies and apply to put a note in the personal information section where you can explain that you moved abroad and your husband did not tell you that the debt hadn't been repaid. Whilst this won't make your credit rating improve, the note can be seen by potential lenders when deciding whether to give you further credit such as a mortgage. Check our www.experian.co.uk and www.equifax.co.uk for the details of who to contact to add a note to your credit file.
It would also be worth obtaining a copy of your own credit file to see exactly what is showing on your credit file and whether your husband is telling the truth or just trying to scare you!
Lenders in the UK won't check a foreign mortgage as they do not have the ability to do so. Each country uses it's own system for recording an individual's credit file, however, if you can get copies of your mortgage statement they may take a view on your application.
However, you needn't despair as there are many lenders out there that will lend to you even if you have a CCJ or defaults on your credit file. You can not access them direct and will need to find a good independent mortgage broker to assist you as these products are only available through an intermediary. Although these non-conforming lenders used to charge extortionate rates, they have in recent years come down considerably in pricing and even with a bad credit file, you can now get a mortgage at rates that are only slightly above those of high street lenders.
Good luck - feel free to email me if you need the name of a good independent mortgage broker who can help you, I have used someone very good for my last mortgage.
2006-12-10 08:53:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋
This will affect your ability to borrow money here in the Uk. You will probably not have any CCJ's against you at the moment but you really need to contact these companies and arrange payment plans. This will help you credit rating, and you can give them your husbands details too.
2006-12-10 13:14:18 · answer #2 · answered by xray_daddy 3 · 0⤊ 1⤋
No, till he lives there or the daugther will settle for provider for him. Even then you could no longer have the skill to enforce the judgement with out court docket order allowing some style of substituted provider. maximum judgments are solid for 30 thirty years or so. make confident your is registered ideal - that usually would not take place immediately. in case you recognize of a few supplies owned by employing the guy, you could stick to to snatch them at as quickly as or you could ask the decide in case you could serve him by employing booklet - printing an advert particularly papers. you could verify real assets information or in case you have a telephone style, do a opposite learn on the internet. perhaps you will merely could desire to attend till he shows up lower back. Judgments do acrue interest.
2016-12-30 05:41:29 · answer #3 · answered by ? 3 · 0⤊ 0⤋
go to www.experian.co.uk and pay to see your credit file.....You can view it online, although if you were only the secondry card holder on your ex hubbies credit card it should not of affected you.....
dunno about them checking a foreign credit history,
2006-12-10 08:36:04 · answer #4 · answered by xXx Orange Breezer xXx 5 · 0⤊ 0⤋
This may only help you regarding US judgments, but posted anyway.....
http://www.expert-credit-advice.com/learn_about_judgements.htm
2006-12-10 08:35:13 · answer #5 · answered by Anonymous · 0⤊ 1⤋
It could do. Depends if they have it on their database against your name and date of birth
2006-12-10 08:31:49 · answer #6 · answered by Anonymous · 0⤊ 2⤋