Bad credit

[Laufer1213]

I use to live in the England 13 years ago, I just found out that my sister back then applied for a mortgage and was told no because 'I' had left some unpaid bills(which I was never aware of and don't believe I had) and that bad credit in England goes on the house and not the person therefore she was turned down till she signed something at the bank saying she would dissolved herself of ever seeing or knowing me again.It all sounds alittle strange to me.Is it true bad credit goes on the house and not the person?

[pixi]

Laufer1213 I worked for a finance company for years but unfortunately my contract stated I couldn't discuss what went on there while I was employed by them and also after I left, so if I answer your question I could be sued by the crap hole - ripping off - preying on poor people company that it was.  I'm sure if you put your question over in Money & Finance you will get it answered no problem

[Kerplunk]

pixi - if you posted an answer who would know you?  Just don't mention the company name.  If you really know the answer I'm sure you would have posted it.

[ALEXGREEN]

I think the answer is lots of houses have moved abroad to escape debt one debt collector found a house hiding behind a load of trees and hedges.They will try anything to escape one flat hid on the 18th floor what next!!

[pixi]

Okay Besides the Financial Laws, Justice Act 1974 and Data Protection Act all Finance companies have their own company rules and regs.  it is true that a persons bad credit can go against an household, but whether or not a person in that household can get credit is usually down to managers discretion (ie after the person has had interview and been credit searched etc)

Laufer1213 if you go to experians site which i think is www.experian.co.uk  they will be able to answer all your questions.  I believe your sister can apply to experian to have your name disassociated (sp?) with her household (you may have to provide proof that this isn't your address or something)

[pixi]

Is that better Kerplunk?

[Kerplunk]

Well done.

[icklepickle]

I have just had a similar problem because I moved to a rented house and the previous tenants didn't pay a bill and everyone is looking for money - but the upside it's the person and not the house that holds the debt - but with a family name you might have problems. try to find out what company has black listed you and speak to them about it - especially if you don't think ou left anything outstanding.

[Oneeyedvic]

Just to clarify a couple of things:

1) There is no such thing as a blacklist. Finance companies use information from Experian and Equifax to assess a person's creditworthiness. This includes whether they are on Voters Role, if they have any county court judgements, and CAIS data which will determine how much credit they have, if they keep to limits (eg on credit cards) and whether they pay on time, are late paying or if the agreement is in default.

2) People's houses are not listed. All data is on individuals. Experian & Equifax can make what are known as 'associations' between people if and only if they apply for credit togtether or are financially linked - this means that two people living together but not of the same surname can be linked, as can a brother and sister - one of whom is guarantor to the other.

3) You can file notices of disassociation to confirm that you are not financially linked.

4) A bank can get her to sign wahtever they want - whether it is legal or not is a different matter. Making her sign an agreement saying that she will never know you again is plain illegal.

 

Hope this helps