Financially linked

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Dora06

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Post by Dora06 » Sun Jul 07, 2019 8:52 pm
Hello, after abit of advice please... My husband and i entered into our iva contracts in February this year. In 2014 i was a guarantor for my daughter on car finance when she was straight out of uni. That loan ended in 2017. Since then we have had no financial links. She got a second car on finance without the need of a guarantor and has a credit card which she always pays off in full. She should have a very good credit score. Last week she tried to get a new phone contact, something she's never had problems with previously and was declined due to not passing ee's credit search( currently with 3). This is the first time she's applied for anything needing a credit search since we started our iva's. She doesn't know about mine or her dads ivas and im wondering if it could be those that's made her fail the credit search? Would that be possible do you think and if so can i do anything to help? Shes saving up for a deposit on a house and im worried sick our predicament is going to harm her getting a mortgage? Thanks in advance!

Foggy

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Post by Foggy » Mon Jul 08, 2019 6:50 am
You need to see her credit files from each agancy to see if they have you still associated --if so, you can dis-associate yourself.
Is the car loan she has now through the same company ? You might find that you are still a guarantor --- this used to happen a few years back, I don't know if it has ever been addressed and changed.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

kallis3

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Post by kallis3 » Mon Jul 08, 2019 8:04 am
I agree with Foggy - check Clearscore, Noddle, CreditKarma and Totally Money - all free.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

Dora06

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Joined: Sun Feb 10, 2019 9:39 pm

Post by Dora06 » Mon Jul 08, 2019 8:15 am
Great thank you both.

kallis3

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Post by kallis3 » Mon Jul 08, 2019 8:17 am
Let us know how you get on.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

Dora06

Posts: 21
Joined: Sun Feb 10, 2019 9:39 pm

Post by Dora06 » Mon Jul 08, 2019 11:06 am
I will, thank you.
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