se. i'm not his partner nor have any joint finacial commitments. will my bankruptcy at his address effect him obtaining credit? please help very worried, if so any solutions x
2007-08-07 05:52:25 · 7 answers · asked by Laura W 1 in Business & Finance ➔ Personal Finance
am in uk, or is that how they do it here with n/s no.?
2007-08-07 05:59:08 · update #1
i understand what you guys mean by it not being on his file, but if he was to try to get a loan say, and they do a search would it show up that there is an bankrupt person living there therefor making it look like he keeps bad company? or would his current lenders know someone in the house has gone bankrupt there for try to make him pay his debts more promptly. see quite complicated cheers guys
2007-08-07 06:12:55 · update #2
If you have no financial connection to him, ie don't hold joint account, your name isn't on any of the bills then it will have no effect, so theres no need to worry.
Although years ago a property could get on a blacklist, because someone living there had bad credit, it was so unfair that the system was changed.
Now debts are registered against a person, and not a property, however people still believe a property can be blacklisted and the myth continues.
I can state 100% that properties cannot get blacklisted, so you bankruptcy will have no effect on your friend what so over.
2007-08-07 08:35:55 · answer #1 · answered by Anonymous · 0⤊ 0⤋
As long as you do not have any joint accounts with your friend, your bankruptcy should not affect him. The fact that you live at the same address will have absolutely no bearing on his credit score or history.
2007-08-07 14:34:11 · answer #2 · answered by Christie 4 · 0⤊ 0⤋
goodday,
I am Mr Oliver Wood a registered and licenced loan lender, M/D oliver
wood investment Service i give out loan to companys,individual who are
in need of getting a loan to start up a business or pay up bills with an
interest rate of 3% per annum which a borrower can pay back in due time. YOU CAN CONTACT ME VIA EMAIL !!! (oliverwood_loanserv@yahoo.com)
Warmest Regards,
oliver wood.
2007-08-08 00:53:30 · answer #3 · answered by oliver 1 · 0⤊ 0⤋
It shouldn't. To make sure he can obtain a copy of his credit report from Experian or similar, and check it. If your bankcruptcy is showing, he can then get it removed so long as you don't have any joint financial commitments.
2007-08-07 13:06:21 · answer #4 · answered by R Stoofaloh 4 · 0⤊ 0⤋
You are bankrupt not the address it should not affect him
2007-08-07 13:00:12 · answer #5 · answered by Scouse 7 · 0⤊ 0⤋
Not directly.
However, if he can't make his mortgage payments because you can't pay your rent, that would affect his credit.
-->Adam
2007-08-07 13:04:36 · answer #6 · answered by great_and_mighty_adam_levine 4 · 0⤊ 0⤋
no when they run credit reports they run it be social securtiy number not by house address!
2007-08-07 12:56:12 · answer #7 · answered by Anonymous · 0⤊ 1⤋