Wednesday, August 02, 2006

 

More on addresses

L Lingard:
I have just moved and can't get credit due to a succession of previous debtors at this address. How do I rectify this?

Jill:
The previous occupants will have had no effect on your application for credit. I can't tell you why you've been refused and your credit report won't show you either. You have to go back to the lender you applied to and ask them. They are obliged under the Banking Code to give you the principle reason.

Declan:
So what could it be?

Jill:
The more likely reason is that you are not registered on the electoral roll which means lenders can't verify your name and address.

Declan:
But someone must have said something to the viewer about previous occupants ...

Jill:
Anyone who tells you that previous occupants can affect your credit worthiness are just repeating an urban myth. It's not true.

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