Joint Account

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Almostover

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Post by Almostover » Wed Feb 17, 2016 3:31 pm
Hello all,

I completed my IVA early over a year ago and it will remain on my credit file until October 2018. If my wife and I were to open a joint account, would this have a detrimental effect on her ability to get credit in just her name? Nothing big like a mortgage, more credit / store cards. She'd be unlikely to in any event but don't want her credit score to suffer as a result of my own.
 
 

kallis3

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Post by kallis3 » Wed Feb 17, 2016 3:34 pm
Hi,

Until your IVA disappears from your file then it will impact on your wife getting a joint account. With her own applications then she would be fine.
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
 
 

Almostover

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Post by Almostover » Wed Feb 17, 2016 3:43 pm
Thanks for the reply. So to clarify; if we had a joint bank account she would still be able to apply for credit in just her name without my IVA effecting the application?
 
 

kallis3

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Post by kallis3 » Wed Feb 17, 2016 3:49 pm
Hi,

If you had a joint account then your IVA would affect her application.

It is best that you keep separate accounts until the end of the IVA.
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
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