It's at all times good to study one thing new, and yesterday I realized that up to 6 years after you have closed a joint credit score product, you are still linked to that particular person financially, and it may effectively affect your capability to borrow cash.
When my relationship with my ex broke down we each moved on, and inside 2 years we each lived with different individuals. Our story is an all-round glad one, nevertheless it's straightforward to see how an entire group of individuals can turn into financially entwined actually fairly shortly. It would by no means have occurred to me that my exes new associate's monetary historical past had any impact on me, and will have an effect on my capability to get any credit score from a mortgage via to a cell phone.
I'm not alone. Almost 11.7 British individuals took out a joint monetary product with a associate they’re now separated from, and 69% of us didn’t realise a hyperlink still exists once we shut the account. Less than three% of individuals surveyed by Censuswide knew you have been linked for six years*.
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