Getting Divorced or Separating? How To Break The Link

Married couples including those living as common-law man and wife (having lived together for more than six months) are linked together in more ways than one. When a partnership comes to and end, joint financial arrangements, including joint credit applications, loans and bank accounts need to be sorted out, as the details will remain on your credit file unless you take action.

If you continue to have a joint credit arrangement or bank account after the separation, these links will need to remain, but if the joint financial commitments came to end when you parted company, you can break the links.

How? You do this buy requesting that the credit reference agency create a 'disassociation' on your credit file, which effectively disassociates you from each other. If you do not request this disassociation, your names will be tied together, even if you've been legally divorced. There is no automatic update of your file on divorce, so you must notify the credit reference agency (Equifax/Experion) yourself. If you don't, whether or not you receive credit could depend on your ex-partner's credit history for as long as six years after you go your separate ways. And if they have a poor credit history, you may find yourself being refused credit.

Get a copy of your credit reference file from the credit reference agency to check what joint financial commitments you have. Child maintenance payments do not count as a financial connection, so you can still have a disassociation put on your file, even if maintenance payments are ongoing between you.
Notify the lenders and request that credit agreements be changed accordingly. This may involve one person paying off a loan, signing over a mortgage to another, or paying each other money. Find out who is liable for what.
Request that the credit reference agency create a disassociation on your credit file.

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