Have you ever had a scary-looking “final notice” letter for someone who doesn’t live at your address any more? Did it make you wonder if it’s having an effect on your ability to get credit or your credit score?
If so, then it’s probably a relief to know that previous occupants of your address have absolutely no impact on your credit score whatsoever. The only time another person can have any effect on your ability to get a loan is if you’re financially associated with them through something like a joint mortgage or another joint credit account.
It’s a common misconception that if somebody who lived at your property before you had a lot of debt, your address can be blacklisted, stopping you from getting loans when you need them. Credit blacklists, for people or addresses, don’t exist. Your credit score is tied to you as a person, not to where you live, and the only information a lender will see when they run a credit check on you is yours.
That’s all there is to it – it doesn’t matter what kind of financial situation the previous residents of your address were in, it won’t be having an impact on your ability to get a loan now.
