Joint Applications For Couples With Bad Credit
If you have bad credit and it is making it difficult for you to get a loan then you might wish to consider making a joint application if you have a partner or family member that is happy to apply with you.
There are certain advantages to applying for a loan jointly with a family member or friend. Firstly, we will assess the application based on both of your credit scores, so the combined score can be stronger than the individual. Secondly, we will also take both your incomes into account and this will help you with your affordability for the loan.
If you do take a loan jointly then both you and your partner will have to sign the credit agreement - so keeping up with repayments is the responsibility of both parties. If you stop paying the loan before it is fully repaid, then both your credit records will be damaged by any non-payment.
If you wish to apply for a loan jointly with a partner, please call your local branch.