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Financial association

Credit scores & reports
A link on your credit file created when you share credit with someone, such as a joint account.

Overview

Financial associations can connect your credit file with another person.

They are created by joint accounts, joint loans, or shared mortgages.

Why it matters

  • Lenders may consider associated records.
  • It can affect decisions if the other person has issues.
  • You can remove incorrect associations.

FAQs

Does a partner credit score affect mine?

Not directly, but a financial association can influence lender decisions.

How do I remove a financial association?

Close joint accounts and request a disassociation from the credit agencies.

Related terms

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