Will the cardholders IVA affect my credit score?

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carrie305
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by carrie305 » Wed Sep 12, 2018 8:54 am
I have a credit card and the additional card holder is applying for an IVA. If he includes the debt on this credit card will it affect my (ie cardholder) credit score?
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Foggy
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by Foggy » Wed Sep 12, 2018 10:02 am
carrie305 wrote:
I have a credit card and the additional card holder is applying for an IVA. If he includes the debt on this credit card will it affect my (ie cardholder) credit score?


If the credit card is in your name, the debt on the account is yours, not the additional card holders. As such the amount cannot be included in an IVA in the additional cardholder's name. As you are linked financially by the card your details might appear on his credit files and vice versa and your credit score may be affected by his IVA.
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kallis3
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by kallis3 » Wed Sep 12, 2018 10:11 am
I'd have him/her taken off the account.
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carrie305
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by carrie305 » Wed Sep 12, 2018 11:05 am
Thank you, I have removed them from the Credit Card
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