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Topic starter
11/04/2012 11:09 pm
I'm in a TD. My wife recently applied for a savings account and was declined. Is it normal that a wife/husband is tainted with the same poor credit rating as the spouse in TD?
11/04/2012 11:17 pm
Hi WBN.
Your credit ratings are separate. Any credit problems you've had don't affect your wife's credit rating.
If you have joint financial arrangements, like a mortgage or joint current account, this link between you will show on each of your credit files.
Financial institutions can choose to use information about this linkage if they wish as part of their decision making processes.
Seems strange in terms of a savings account. I'm sure she will get one elsewhere.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
11/04/2012 11:22 pm
Hi, our mortgage is joint so guess they have used that as part of the process. As you say, there will be other institutions who will not factor this in for a savings account.
