I rent a room sour a friend, i've simply gone in debt and i'm in a minute worried it is going to effect him, he owns hou

se. i'm not his partner nor hold any common finacial commitments. will my liquidation at his address effect him obtain credit? please assist hugely worried, if so any solutions x

Answers:
If you enjoy no financial nouns to him, ie don't hold united sketch, your dub isn't on any of the bills consequently it will enjoy no effect, so theres no want to verbs.

Although years ago a property could take on a blacklist, because someone living near have fruitless credit, it be so unwarranted that the system be changed.

Now debts are registered against a creature, and not a property, however society still believe a property can be blacklisted and the myth continues.

I can state 100% that properties cannot grasp blacklisted, so you liquidation will enjoy no effect on your friend what so over.
no when they run credit reports they run it be social securtiy number not by house address!
You are cleaned out not the address it should not affect him
Not directly.

However, if he can't produce his mortgage payments because you can't pay your rent, that would affect his credit.

-->Adam
It shouldn't. To bring in sure he can pick up a copy of his credit report from Experian or similar, and check it. If your bankcruptcy is showing, he can after receive it removed so long as you don't hold any shared financial commitments.
As long as you do not hold any united accounts near your friend, your ruin should not affect him. The reality that you live at matching address will enjoy undeniably no attitude on his credit evaluation or history.
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