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Scottish Trust Deed Forum
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Topic starter
01/11/2011 3:03 am
Does having a trust deed black list your home address as my son, who lives with me and has just started a new job, wants to purchase a mobile phone contract and I am worried that he will be refused.
01/11/2011 6:39 am
They are supposed to be individual and shouldn't be linked to an address. I wouldn't expect there to be a problem
SkintAlly
01/11/2011 9:05 am
Hello peggy04 and welcome to the forum.
SkintAlly is correct. There is no such thing as a credit blacklist, and credit records concern individuals rather than addresses.
If someone enters into a trust deed, and they have joint financial arrangements with another person at the same address (for example a joint mortgage), a link between their credit records might be apparent.
This would not reduce the credit rating of the person who did not enter a trust deed, but it might affect the willingness of lenders to offer credit to them.
If a link were created between you and your son on your credit files, and you do not have joint financial arrangements, the problem could be taken care of by sending a "notice of disassociation" to the credit reference agencies.
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