NS&I Investment acc in joint names

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
 
 

macuser

User avatar
Posts: 7
Joined: Mon Jul 19, 2010 1:22 pm
Location:

Post by macuser » Mon Jul 19, 2010 1:27 pm
Hi,

Im due to get married soon so would like to accept cheques from people in both of our names. I am currently in an IVA, my partner is fully aware of this. We do not want to setup a bank account with both of our names as this will effect her credit rating.

From looking about I think the account to go for is a NS&I Investment Account setup in joint names. Does anybody know for certain if this will create a financial association on her credit file?

Also the other question is - im taking anything paid in joint names will have to be declared as a windfall of 50%?

Thanks
 
 

Michael Peoples

User avatar
Industry Expert
Posts: 15189
Joined: Mon Nov 03, 2008 12:36 pm
Location:

Post by Michael Peoples » Mon Jul 19, 2010 1:49 pm
Hi Macuser and welcome to the Forum.
I have no idea whether a National Savings account would be a financial link for your partner's credit file. However, while you should speak to your own IP for clarification, I would not expect wedding gifts to be deemed a windfall unless the amounts involved were substantial.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
 
 

macuser

User avatar
Posts: 7
Joined: Mon Jul 19, 2010 1:22 pm
Location:

Post by macuser » Tue Jul 20, 2010 11:42 am
Thanks Michael - can anybody clarify the financial link bit?
 
 

plasticdaft

User avatar
Forum Expert
Posts: 9562
Joined: Wed May 21, 2008 12:45 pm
Location: United Kingdom

Post by plasticdaft » Tue Jul 20, 2010 12:41 pm
As its a savings account and there is no credit I wouldnt have thought that this could show as a link?

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”