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Scottish Trust Deed Forum
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Topic starter
06/06/2010 9:22 am
I took my trust deed out last year and stared payments in Dec 09. All going fine so far I never told my wife about the trust deed as this would have caused major problems between us. (She has never had financial probems).
Yesterday she tried to take out a store card to take advantage of a discount, and was refused. As far as I know this is the first time she has tried to get credit since I took out the trust deed.
Is it possible that my trust deed has affected her credit score?
06/06/2010 9:29 am
Hi mcbz9
It may be that the address has been listed in the credit file. I think there are earier postings where a letter of disassociation can be sent to the companies to advise that she is not party to the Trust Deed.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
06/06/2010 12:37 pm
A Notice of Disassociation, as I understand it, would normally be used where people live in the same home but manage their finances entirely independently.
This might apply to friends sharing a home or adult children living with parents for example.
I'm not sure that this would be appropriate for a married couple as their financial affairs would almost always be closely linked (e.g. joint mortage or joint tenancy).
With closely linked finances I think it's understandable that some lenders might take this information into account when making a lending decision. They might be concerned for example that one partner who isn't in a Trust Deed is using the credit for the benefit of the person that is in a Trust Deed.
Other lenders seem to be comfortable with lending in these circumstances... every lender has their own acceptance criteria.
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