Response to Previous owners have warning of repossession

Mmmmm, actually a house can have 'bad credit' in the sense that CIFAS warnings follow addresses as well as individuals.

So if you live in a house where a previous occupant is thought to have tried to make a fraudulent credit application, or where a previous occupant did any of the non-fraudulent things that sometimes trigger a CIFAS warning, then it is possible that a subsequent occupant will find their credit record "tainted" by that previous occupant's actions.

In that sense, the house might be said to have 'bad credit'.

People should also read the CIFAS information in this site and on the CIFAS site at http://www.cifas.org.uk for more details of CIFAS.

Lee

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