Credit Refenence?

Question

I share a household with a freind who I have found out keeps getting debt letters to the house. Does her bad debt affect mine because we both live at the same address?
Is there away to check the debt / credit score on the property and not a person?

We have the same surname

Should have put more details. I agreed to a joint credit agreement awhile ago so she could purchase a car. I have since found out that payments have been missed, that are now upto date.

Answer 1

her bad credit will not affect yours, the credit reference agencies have changed the way they used to work ie people living at the same address sharing the credit information.

now its only related to how you (the named) pays for credit and utilities

Answer 2

Bad credit at the property is unlikley to affect the people as credit reference agencies hold files on people not property.

However, if you both live togeather for long enough you will be financially linked.

If you write to the agencies, ask for your file and if you are linked you can ask for the link to be severed. Its pretty easy and can be done online. Do a search for Equifax Europe and Experian - they are the 2 credit reference agencies in the UK

Answer 3

Bad credit is often held against an address rather than just an individual.
I was unable to get credit when I move house a few years ago because the previous residents were blacklisted. Two years later we were still getting phone calls and letters chasing up their debt.
You can contact a credit reference agency to find out what info they have and you can request that the data is ammended if it's inaccurate.
Try
www.experian.co.uk or
www.equifax.co.uk

They usually charge around £2 for a full credit report.

Answer 4

Experian and equifax are only any good if they are the agencies that you lender uses. For instance, LTSB uses Experian, Equifax and Call Credit. Ask your bank or lender which they use and get a credit report from them. It will usually cost you between £2 and £3. The address should not effect you provided your lender does a thorough search using your name. If anything is on your credit record then you can ask the agency to apply a "notice of correction" which means you apply to have the record amended.

(I work for LTSB!)

Answer 5

I'd only be worried if you have the same last name. My sister and her husband lived with his brother for a while. She was Martha Alicia and the brother-in-law was Marco Antonio, and they now had the same last name. He did something that ended up on her credit report. They were two M.A._______ living at the same address, though, so it's a somewhat understandable mix up, and it got corrected pretty easily.

When I moved into a new apartment with my husband, we couldn't get the light turned on because the previous resident had skipped out on his payment. It wasn't that bad in the end, though, I just had to go to their office with ID and my lease and they took care of it.

Address-related mix-ups that aren't related to you directly should be able to be cleared up.

Answer 6

if your married it can affect yours..if not then you have nothing to worry bout. you can go to www.equifax.com and get a free copy of your credit report. Being that the 2 of you share a house you may want to ensure the mortgage and utilities are paid on time..Talk to her bout that one tho.

Good luck

Answer 7

Yes check out experian.co.uk they will do you a free credit check . and then you will see if your friends finances have affected yours as that address it may tell you if you are linked financially

Answer 8

yes
u can check with one of the credit agencies your credit rating