If a person is sharing a house and they declare themselves bankrupt, will the whole address be black listed or just the individual?
2007-03-21 23:53:09 · 7 answers · asked by Anonymous in Business & Finance ➔ Credit
It is the person, not the address that gets the 'black mark'. You can put a note of disassociation on your credit file, but this should not be necessary if you have different names.
Credit reference agencies do rate areas for creditworthiness. If you live in an area of high unemployment, council housing, and dependant on benefits, your credit score will be marked down.
Credit reference agencies say there is no such thing as ' black listing' , but they will never tell you that the area you live in may be the problem why you cannot get credit.
The powers the agencies have worries me greatly.There is very little what you can do to correct any wrong information, despite what they tell you. Just ask anyone who has been a victim of ID fraud.
2007-03-23 07:31:34 · answer #1 · answered by charterman 6 · 0⤊ 0⤋
I'm not sure about British law, but in the States, it would show up on the credit report of whoever declared bankruptcy. This would also include the spouse too, especially if both file their taxes jointly.
BTW, seeing your photo reminded me that I haven't seen Danger Mouse for some 22 years now.
Well, bollux. It looks like someone gave me a thumbs down.
2007-03-22 07:16:48 · answer #2 · answered by Wee Bit Naughty 3 · 0⤊ 1⤋
Legally no, only the person gets blacklisted. However it will be on records that someone at that address is blacklisted, so it probably will affect others. If you get refused credit, you can push the issue with the company refusing you and with alot of work they can then probably clear you, however its alot of agro if you can avoid it.
2007-03-22 14:49:23 · answer #3 · answered by Debs 3 · 0⤊ 0⤋
I bought a house a while ago that was in a small area that had a red ring round it (blacklisting) I phoned citizens advice about it, they were shocked, but helped me to contact the correct people to have my address restored to a non blacklisted one. You could ask citizens advice about whether there's a problem, I'm sure that if your whole house does fall under this problem, they'll tell you what to do about it.
2007-03-22 07:35:33 · answer #4 · answered by Anonymous · 0⤊ 2⤋
Just the person at the property not the property itself, so don't worry.
2007-03-22 09:58:32 · answer #5 · answered by Anonymous · 0⤊ 0⤋
no, it used to be that way but it goes with your name and date of birth, because people sell up and move to often.
2007-03-22 10:09:47 · answer #6 · answered by Jackie M 7 · 0⤊ 0⤋
Individual only - unless You have joint finances.
2007-03-22 08:16:41 · answer #7 · answered by wonski81 2 · 0⤊ 0⤋