Credit cards: Blacklisted adresses

[octane]

Just wondering if I applied for a card, having moved house just recently, and then incurred a bad debt against them, would my previous or new address then be blacklisted?

Anyone?

Ta.

[Davo]

There's no such thing as a credit blacklist, only against an individual.

[octane]

[Davo]

Apparently not, it may have used to be the case, but no more

https://www.joincreditexpert.com/homepage/faq.asp?faqDisplay=18#18

[octane]

[Davo]

Yes but that's still tied to you, another person can move straight in and not have problems with getting credit.

[octane]

Ahhh, so it get's taken in to account, but credit rating is ultimately tied to you?

[Rookie]

I would think so. It would wreak havoc if credit blacklists were tied to an address and not the owner!

[BigChris]

[octane]

Look, I know... someone who's moving out of the country, and has no intention of coming back. They know that any bad debt would'nt follow them to where they move, but they're curious if the debt they leave behind would mean a bad credit rating for the people remaining behind at the UK address.

Soooo?

[Fortuna]

[lozzypop1]

its a scare tactic...
some lending authorities will point out that if you default on payments that anyone living with you may suffer because of your default. Although this can be true (depending who the creditors are) it's not always the case!
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[anders]

[LustyLew]

[Kickstart]

Hi

There is no such thing as a credit blacklist, just as there is no such thing as your credit rating (how you are rated for credit is down to the individual loan company and how they have designed their score card). Info is recorded against the address but can only be used for credit reference against the person with the debt (or those closely related). Virtually identical names will cause issues, as will shared surnames. More than 2 surnames are treated as a multitenancy and the info returned is a lot more restricted.

Remember that it is not just what you regard as credit that will affect your credit rating. Even TV rental will affect it (and no doubt mobile phone payment history).

All the best

Keith
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[spitfire]

If you get a credit reference report from:

www.equifax.co.uk
www.Experian.co.uk

You will get a credit rating which is a guide for the loan companies etc to use.

In the report there might be names associated to you that maybe bring your rating down. These names could have been associated to you due to an address that you have shared, or maybe they have the same name.

All you have to do is disassociate yourself from these people and your rating will improve. You do this by contacting the credit reference company you use.

Some associated names (such as your parents) can improve your credit rating...I believe....but I'm not 100% sure on that one!

Hope this helps

[Kickstart]

[spitfire]

[Kickstart]

Hi

The disassociation should help, but should also be irrelevant in shared accomodation. Gets to cause a problem where there is only 2 names as they are taken as being a couple and so finacially dependent on each other.

All the best

Keith
____________________
Traxpics, track day and racing photographs - Bimota Forum - Bike performance / thrust graphs for choosing gearing

[octane]

Hmmm, so say the person moves to another uk address, BEFORE leaving the country, does it go to the last known address, or the one before that?

Ta.

[Davo]

Basically, from what I can work out, if s/he becomes uncontactable the creditor can place a CIFAS warning on him, which means if he does something that causes a credit search to be run on him/her, the lender could be provided with his current location.

Bearing in mind that a credit search can be carried out for minor things, like certain occupations, rentals, utilities etc..

Not to mention they could then find themselves subject to a criminal investigation if they can prove that they left with no intention of paying it back.

[Dan 4RR]

[octane]

[DAF]

What you're talking about is fraud, pure and simple. My personal advice would be to tell your friend not to be such a lowlife crook in the first place and work for his money like everyone else.
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[Kickstart]