Credit rating....

[ummmm]

I thought that your credit rating was decided on the individual but I'm sure I read on here that the household is taken into consideration.

I've looked for it but can't find it.

Ginger has/had a perfect credit history. Has never missed a mortgage payment, or defaulted on anything. He let his cousin move in a few years ago who ordered loads of stuff to this address and has not paid for a thing.

Will it affect Gingers rating if he ever goes for credit?

Only asking because said cousin is asking for yet another favour...he wants us to say he is living here and paying rent so that he can get legal aid....I've said no...there is enough chance that he's done enough damage already.

[craft1948]

christ I wouldn't lie for him given those circumstances........if he gets found out you may get done for helping him.......

[joggerjayne]

You will have to pay tax on the imaginary rent that you've not been receiving ...

... otherwise you'll be in trouble for tax evasion.

[ummmm]

That's what I said JJ.....Ginge is not keen to help either. He's sick of him now...

Would his previous actions have put a black mark on this address though?

[craft1948]

don't know but all I can say is 30 years or so ago when I worked as a debt collector, the company I worked for blacked addresses.....

[ummmm]

Ginger has just got back...it's a big fat NO....

[society]

Ummmm - the loads of stuff that were delivered to Ginger's residence, whose name were they purchased under? If it's not Ginger's then I don't believe Ginger will be responsible. Best to steer clear from this individual.

[ummmm]

They are all in his cousins name (same surname) but we are always getting letters from collection agencies.

[KARL]

This is perhaps not quite what you had in mind but for the sake of completeness regarding credit ratings, if you are not on the electoral register you may/will be rejected as unknown (non-existent, in effect) and any financial institution will refuse credit (including a credit card) until the (blind) rating agencies are jolted by you into accepting you exist at your address. If you are not after credit, etc. then your position as described can be a plus because someone who does not exist has little to worry about in many respects. Further, if you have not borrowed or had a mortgage for decades then you are also to be seen by the rating agencies, etc. as undesirable - odd because you would think you should be seen as someone who can (at least potentially unless something else comes to light) best afford to pay off any credit. Talk about the blind leading the blind.

[craft1948]

Karl is right......the only money I have ever borrowed in my life was a mortgage which I paid off 20 odd years ago....and I always pay my credit card bills in full..........I have no credit rating points.

[ummmm]

He still has a current mortgage and is the electoral role. Not sure about his cousin though.

He has no credit cards and has only bought one thing on credit because of the deal they were giving (a sofa). He has a mobile phone and then just household bills that are paid promptly.

I just wondered if he wanted credit (unlikely) would the debts that his cousin has run up at this address would have an effect...