From: "Tim" 
Newsgroups: uk.finance
Subject: Re: Telephone security - is there a competent UK bank?
Date: Sun, 9 Oct 2005 09:49:44 +0000 (UTC)

> >Peter Saxton wrote...
> >> Not according to this link
> >> http://uk.biz.yahoo.com/dealwithdebt/facts.html
> >
> Adam wrote:
> >That page is at least one year out of date. It also says 8
> >million people are blacklisted, which is complete bollocks.
> >
"Peter Saxton" wrote
> Maybe so but it is correct about attaching
> other people's credit rating affecting your own
> if they are shown as living at the same address.

NO - it is *not*!
That is only true if you have a financial association (eg joint mortgage
etc) with the third party.

That page actually has a number of errors.  For instance, a classic sentence
is: "There will also be a record of all your past and present applications
for loans and credit (and whether or not they were successful)..."

Firstly, only applications in the last 6 months / 1 year / 2 years are shown
(not "all past ... applications" by any means).

Secondly, the record does not show (explicitly) whether the applications
were successful - if the credit a/c subsequently appears on the file then
the application *was* successful, but if it doesn't appear then the
application might have been successful, but either not taken up by the
consumer, or not subsequently reported by the lender - *or* it may have been
unsuccessful.