Style 20 Style 19 Style 18 Style 17 Style 16 Style 15 Style 14 Style 13 Style 12 Style 11 Style 10 Style 9 Style 8 Style 7 Style 6 Style 5 Style 4 Style 3 Style 2 Style 1
Home arrow Lifestyle arrow Finance arrow Credit Rating

Membership Benefits

  • couple back to backHave your say in our forums
  • Ask us and others for advice
  • Chat in our chat room
  • Online dating
  • Downloads
  • More articles, jokes, quotes...

Register for Free!

Click here for more

Credit Rating Print E-mail
The law on Credit Association changed a few years ago and companies are no longer allowed to create a financial link known as an 'association' based on family relationships or address. In other words, if you live with a partner who has a poor credit rating then this cannot in itself affect your credit rating.

However, an 'association' can be applied if you have joint financial commitments such as a joint account or mortgage together. It can take a while for companies to update their credit ratings so if you sever the financial ties you should arrange with any lenders or utility companies to update their records as soon as possible.

Ensure that any companies who are still writing to your former partner via your address are informed. You can also ask credit companies to create a "dissociation" on their records.

If you are considering buying your ex out of the mortgage see our section on Buying a Home. If you cannot break all of the ties because, for example, you have agreed to continue being jointly responsible for the mortgage, then you can still advise credit companies of the situation and ask them to put a note on their files accordingly. Please note that child support and maintenance are not considered by companies as joint financial ties.
< Prev   Next >


Your advertisement could be here or anywhere on our site. To support through advertising please contact us for further details

Schools and Education is pleased to offer schools a range of worksheets and lesson plans centred around the themes of relationships, divorce and bereavement.

To access these resources all we ask if that you place an advertisment for in your school newsletter, so that your students and their parents can find the help and advice they need when facing the end of a relationship.

Contact Us for further details

Status Centre

We have 1 guest online
rss Section 508 css valid xhtml valid