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bankruptcy

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minxy | 20:38 Sun 21st Aug 2005 | Business & Finance
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My fiance went bankrupt a few months ago and we are due to get married in October. I own my house and paid the deposit on it two years ago before I met him. He is due to move in and i am worried this could effect me and my home??

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If you're not married and don't have any joint accounts, then you won't be financially linked as far as credit rating companies are concerned.  If he moves in and registers on the electoral role, or if you open any accounts together, this could affect your credit rating as the rating companies take into consideration the total risk of you any whoever you're linked to.  This might make it more difficult to get loans or credit agreements in future, but shouldn't affect your home.

The only link will be your address. Write a letter of "dissassociation" to the credit reference agencies and you will be fine. The only other time would be if you made a joint application on future credit (so don't do joint app's!!)

Good luck

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