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Car Finance Expert Q&A

Hi, I'm Edwin and I'm here to help you!
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Edwin Miles. Underwriting Manager

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Could an association with someone else with a bad credit rating be affecting my credit?

Hello, I have a credit rating of 995, have lived in my house for 10years, am a teacher but have been refused for a loan and car finance from a dealer. Could an association with someone else with a lower credit rating be affecting my approval?

Posted by Sarah on


Hi Sarah, a great question. Apologies for the delayed response. The answer is no. Everyone's individual credit report is treated separately. As long as you don't have any joint accounts (with your association) that have a negative past then you should be fine. Have you checked your credit profile recently? One thing that can effect your chances of getting credit is if you have too many credit searches within a short space of time (usually 1 month) and another reason is that lenders may think you're over committed due to your outstanding debt to income ratio. How much finance do you require? Kind Regards, Edwin

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