Applying for loan query

[utajoker]

I'm thinking of applying for a loan for a car.

I'm married but I think my credit rating is better than my wife's.

She has a few store accounts and 1 more CC so is using more credit even though they are mostly clear.

Can I apply just in my name and only put out going as stuff in my name?

Or do I have to put the 'households' out goings and incomes?

I only have 1 cc in my name but most of the bills are joint with the last few just me( things like Virgin and sky). She has a few separate DDs too.


Thanks

 

[Burnsy2023]

I'm sure that's completely dependent on what the lender wants to know.

 

[Zairs]

do it as a single, if you split up it will be easier

 

[i5aces]

do it as a single, if you split up it will be easier

True that

 

[Devrij]

I'm sure that's completely dependent on what the lender wants to know.

+1, talk to the lender and see how it goes. Generally speaking, they want to loan you money so you can pay them that sweet, sweet interest. Unless you are a useless wastrel who doesn't pay their debts, of course.

 

[kokuten]

just to hijack this, my credit report is ok, but i have been rejected credit (last time was over a year ago) is there anyway to run a check with a company without buying goods to see if they would give you credit?

 

[tom_e]

just to hijack this, my credit report is ok, but i have been rejected credit (last time was over a year ago) is there anyway to run a check with a company without buying goods to see if they would give you credit?

Not unless they offer a pre eligibility test which would give you a good idea of whether it would be a yes or no but not many places do them.

 

[~Divine~Wind~]

MSE's tool is canny:
https://creditcards.moneysavingexpert.com/

Gives a breakdown of cards and likelihood that you will be accepted.

Also www.noddle.co.uk for an indication of your creditscore, then if you want a more in depth one use on of the pay for services.

 

[utajoker]

Does it matter if we have a joint account?

Wife thinks we have to apply joint for a loan because of this.

 

[andicole0]

I'm sure loans will be judged against an address not just an individual even if one person applies.

Andi.

 

[~Divine~Wind~]

Some of them ask household income not personal income.