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| debtrider |
Posted - 06 February 2009 : 20:20:53
Hi
My mom was turned down for a current account with the co op bank, because prior to my bankrupcty she had a joint account with me.
I need to file a letter of notice of disassociation. What do I do and how do I word this in a letter to the credit reference agencies.
I have already requested a credit report from experian for my mom so I can see what is happpening. Although I know for a fact that she as never been in any debt.
I find this quite ridiculous that my moms credit rating should be affected because I went bankrupt. I know I had a joint bank account with her before my bankruptcy but surley that as nothing to do with me going bankrupt.
My moms credit rating is perfect and as never owed anyone any money so what is the problem. Anyone considering offering my mom a bank account should be looking at her credit rating not mine. The banks can clearly see that she is not in any debt. It's me who has the problem not my mom and think this is totally of order.
If someone could explain the logic in refusing my mom a bank account, then I would be very grateful.
debtrider |
| 7 L A T E S T R E P L I E S (Newest First) |
| movin on |
Posted - 08 February 2009 : 10:31:20
I completely agree with DR.....I caused ALL my debt problems, hubby did not know anything about them. He has never had any problems paying his bills and debts, but because we have one joint debt - the mortgage - i will have to stay on his credit file. I think there should be some changes to the way our information is stored.
My opinion only
Onwards and Upwards is the way im going :-0)
From "Moneyworries" to "Movin On" in 3 months is fantastic :-))
xx |
| Niobe |
Posted - 07 February 2009 : 21:38:55
I quite agree with you. I wasn't having a go, I was merely pointing out how things seem to be.
I wouldn't be happy if my daughter was penalised because her parents got into financial difficulties.
The glimmer gets brighter all the time |
| debtrider |
Posted - 07 February 2009 : 21:25:07
Thank you John and Skippy for your comments and advice and I shall write a letter of disassociation to experian etc.
I am sorry but this situation as got me a little annoyed. I know the way financial institutions view people who are bankrupt which is fair enough. I think these banks that were so eager to lend me the money in the first place, which was like giving me a noose to hang myself, should not put restrictions on other members of my family who are not in any debt.
In my opinion mud should not stick with someone who as no previous record of bad debts even though they had a joint account with a bankrupt.
I do expect to get credit for a long time and do not want it after what I have been through, but I do not expect my mother to be penalised for my debts even if that’s the way the cookie crumbles.
I shall say no more on this matter
debtrider
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| Niobe |
Posted - 07 February 2009 : 12:30:24
Unfortunately though debtrider - mud sticks, and any credit institutions will probably be wary of someone who had an account with someone who was BR.
Unfair, but that's the way the cookie crumbles these days!
The glimmer gets brighter all the time |
| debtrider |
Posted - 06 February 2009 : 21:45:33
Hi John
I would not say my mother as a unknown history as far as having credit is concerned. She must have had credit at some time or other, but not for a long time.
I don't want to go on about this, but just because i had a joint account with my mom prior to my bankruptcy. Why should an assumption be made about the non bankrupt when there is clearly no evidence that my mother is not in debt to anyone and is not bankrupt. At the end of the day she is not even trying to get credit. All she wants is to open a bank account.
It's all beyond me I'm afraid.
debtrider |
| Skippy |
Posted - 06 February 2009 : 21:22:17
You'll need to check with Equifax and Callcredit as well, and if necessary request disassociation there as well.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
20 IPA payments made, 16 to go - on the home straight! |
| John |
Posted - 06 February 2009 : 21:14:38
Hi
whilst I can't explain the logic behind the decision I can say that there is always an association assumed if a joint account was held with a subsequent bankrupt. That coupled with the fact that your Mum has no credit history will be why the account application was refused.
In the bizarre world of banking no credit history, no previous debt is not a plus as far as applications are concerned, quite the opposite in fact.
When your Mum's report is received mark the entries, if any, that have nothing to do with her then add a covering letter requesting the disassociation from you and explaining that it was you and not she that got into financial difficulty, then post back to experian.
This should help but as above the banks appear not to favour applications made by anyone with an "unknown history."
Ridiculous but true.
timendi causa est nescire
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