My fiancee was ripped of by his x and is now paying her debts. He cannot get a bank account and is black listed. when i marry him is this gonna affect my credit rating as mine is fine
2007-02-13 10:00:12 · 10 answers · asked by clare 2 in Business & Finance ➔ Personal Finance
You may be affected by association, credit scores are done on the individual but also take into account others registered at the address.
If someone does not have a bank account it is actually illegal for a bank to flatly refuse to open an account - they keep very quiet about this as it's lots of paperwork for them and no chance of lending you pots of money. I know with Lloyd's TSB they have an account imaginatively called 'Bank Account' which can be opened whatever your circumstances. You will only get a cashpoint card but you can have direct debits etc. Also, over time as you run your account well and the bank see it being handled well they will upgrade to better, more mainstream accounts. This usually will not happen until the account has been open and running for at least a year.
If you are refused an account just ask for a copy of the banking code and let them know you are filing a complaint. This should shift them. If they can't / won't provide you with the banking code leaflet they will be in real trouble!
2007-02-14 06:05:46 · answer #1 · answered by The Wandering Blade 4 · 1⤊ 0⤋
3 seperate questions in 1 there - lets take each point in turn
1 - there is no such thing as a blacklist. lenders look at a credit history and make decisions based on it and their own criteria, each one is different.
2 - if he goes to a building society, he will be able to get a current style account. Nationwide fle-account (without cheque book) comes with just a cashpoint card, but you can set up direct debits, standing orders and do online banking, so what more do you want from a bank account.
3 - technically your credit rating is your own, however - same surname, same address, likely to be confused with yours and so it will affect you from time to time. You can do something that legally "distances" yourself from the person with rubbish history, but not really practical if you intend having joint something, like mortgage, bank account etc.
2007-02-13 23:13:05 · answer #2 · answered by alatoruk 5 · 1⤊ 0⤋
There is a slight possibility you may also be affected through association .
When your single & apply for credit only your history is checked .
But when you are married Both You & your spouse`s history`s are checked "his" previous history , although nothing to do with you , could be taken into account when apply for new credit but this is mainly if it`s very high credit like for a new home / car etc but for lower amount`s they don`t ask for you spouse`s detail`s !
As someone already mentioned keep single bank account`s etc !
2007-02-13 10:32:46 · answer #3 · answered by charlotterobo 4 · 1⤊ 0⤋
Yes it will in some ways. If you get a serious loan to buy a house,say. They will not be impressed if your husband has bad credit and they will check on all at the same address. You need to get him on the straight and narrow without delay. Don't let him use the new married address for anything to do with money too quickly. This is UK answer
2007-02-16 05:58:14 · answer #4 · answered by Professor 7 · 0⤊ 0⤋
You can be declined by something known as SPA adverse. This means that someone you have a financial link with has bad credit and they will decline you based on this.
Its on his credit file for 6 years so if you don't wants his credit rating to affect yours don't have any joint accts, credit cards, loans or mortgages until this information drops off after 6 years from when it was registered.
2007-02-14 08:18:11 · answer #5 · answered by Jess 2 · 0⤊ 0⤋
No, but do not get a joint account together as that will effect your credit rating. I was in a similar position and this was what i was told.
2007-02-13 10:07:25 · answer #6 · answered by Nic Nak 2 · 0⤊ 0⤋
It may if you borrow or save jointly,
Best for you to do this in your own names.
Your finance should view his Equifax report which will cost 2 pounds and correct any incorrect entries.
Your finance should seek assistance in how to improve his credit rating. Simmilarly he should seek legal advice if his divorce settlement was unfair.
Just be very sure before you commit or take out any loans for him - that his story is true. Love can be very blind sometimes - you only have to see Judge Judy or Springer to see that.
2007-02-13 10:05:41 · answer #7 · answered by Biz Guru 5 · 1⤊ 0⤋
No you and he are treated separately. The only thing is that this may affect you when you buy a house together as he may not be able to get a mortgage.
2007-02-13 10:04:12 · answer #8 · answered by JJ88 4 · 0⤊ 0⤋
No, it will not; but it will make it difficult to get a joint account. If that's important to you, try a credit union.
2007-02-13 10:36:59 · answer #9 · answered by Rob D 5 · 0⤊ 1⤋