Will the cardholders IVA affect my credit score?

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carrie305

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Post 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?

Foggy

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Post 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.
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 » Wed Sep 12, 2018 10:11 am
I'd have him/her taken off the account.
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

carrie305

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Post by carrie305 » Wed Sep 12, 2018 11:05 am
Thank you, I have removed them from the Credit Card
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