https://www.plusfinancialsolutions.co.uk/wp-content/uploads/2017/08/shutterstock_357518681123.jpg 3560 5136 David https://www.plusfinancialsolutions.co.uk/wp-content/uploads/2017/11/bad-credit-mortgage-broker-1-300x90.png David2017-11-06 21:36:132018-02-06 14:16:59Can my bad credit affect my partner?
If you have a bad credit score it will not directly affect your spouse’s credit score. Credit reports are completely independent and it will cause no harm to their credit report.
However, when you apply for a loan or mortgage together most lenders will look at both of your reports. The normally means if one of you has a bad credit history it will count against both of you. If applying for a mortgage this could mean a high street lender may decline your application. Similarly, when applying for a personal loan together it may increase the interest rate being charged.
If you are worried about your credit score, the first step would be to check your credit report online to check its accuracy. They are now many free options available including noddle.co.uk and clearscore.com
Once you have checked your credit report you can begin to assess your options and start improving your score. If looking to apply for a mortgage it may be a good idea to speak to a suitably mortgage broker who should be able to give you guidance on how best to proceed.
If you need any help obtaining a bad credit mortgage speak to Plus Financial Solutions, we would be delighted to hear from you! 01604 328 091