Is your ex ruining your credit score? How their transactions could be impacting you
Credit reports are considered individually, however, in some cases where a person is financially linked to their partner, their name can show up. And in the event that the relationship sadly doesn’t work out, it could prove to be important to ensure this link is removed from one’s credit report.
“You can also be financially linked even if you are not making applications for joint credit.
“Whilst breaking up with a partner will not directly affect your credit score, any joint financial obligations can cause problems.
“The end of a relationship and even a divorce will not influence your status or ‘financial association’, the link can only be removed when the credit agreement is ended or amended, and this is where things have the potential to get messy.”
So, how can a person successfully disassociate themselves financially from an ex?
“Firstly, check your credit report straight away to make sure that your partner has not put you on their credit accounts without your knowledge,” Mr Stringer said.
