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Just moving back into our property (owner occupier) after renting out to a tenant for approx 18 months. Now, they left no forwarding address, but several (read lots) of mail has arrived that indicate they are being pursued for outstanding debts. Is there any chance this will be bad in the future for any possible borrowing or credit we apply for? My worst nightmare would be not being able to get a new bike on the tick, or marginally worse not getting a decent mortgage deal.
Should we be worried? Or proactive, other than just telling the credit agencies the tenant no longer resides here?
Cheers in advance.
by law a lender can only make decisons based on information about you or a person you are linked to financially (i.e. joint mortgage, bank acc etc.
You can also write to the CRA requesting that a notice of correction be added to your info basically saying that person A was a tennant for X amount of time and has no link to you.
In the mean time contact any creditors you get mail from and give them any/all the info you have, they will/should have procedures in place to begin tracing your ex tennant.