Getting a contract in mothers name, effect her remortgaging?

robin91

mobilejunkie wrote: »

I also hate a pet hate; people who can't be bothered to use capitals at the start of a sentence - especially when they make a point of attacking someone else's use of the English language. It seems to me the OP has an excuse (still being at school) if they needed one (which in this case they don't); what's the excuse for the criticiser - laziness is the only one which springs to mind. That also fits with their boredom threshold.

With regard to the original question I refrained from answering at the time. However, searches generally leave "footprints", different organisations use their own unique scoring systems and sometimes these bear little relation to logic or what people expect them to assess. In my limited view on this, I can therefore understand your mother's reluctance. She cannot be expected to risk something much larger and more important for the sake of a much lesser matter, even though (again in my limited view) the risk in this instance would actually be quite low.

Took the words right out of my mouth with the first bit. :rotfl: I got an A* and an A in English at GCSE so I won't worry about it for now..

The footprint, is this the credit check itself? Do you know if the outgoing direct debit shows up against her name, even if it's linked to my bank account? (I.e. would it show a further £35 of outgoing expenditur each month against her name?)

Thankyou

mobilejunkie

Yes; the fact there's been a search. Sometimes the number of searches in itself is a bad mark. Only things taken out of her accounts may show up. However, I'm not convinced the network would take the direct debit from your account in the first place.

Jon_01

All searches show up on the credit file, the number of searches against the number of offers is sometimes used as a [FONT=&quot]indicator [/FONT] (ie 5 searches for a mobile contract in a month with 1 contract taken out can 'sometimes' be viewed as a minus point).
If the acc is taken out in your mums name than the payments might have to come out of an acc in her name too, depends on the network.

diamonds

the d/d doesnt show where its funded from on a credit file just the a/c exists, ive set up contracts with d/d out other family members from all the networks over last 5 years

saving money rather than amassing large chunks of income on topups is a MSE virtue, at 16 as long as you have the sense to keep checking your remaining allowance and remember its not a landline with is the way to go, bank some of the money you save going to contract as give it 10 years when you want a mortgage the savings will be a world of great at that time, thats future financial planning which is the MSE heart, reduce debt & save anywhere you can ( mate on my advice got a contract and saved minimum £60 a month, bought a 2nd hand MG in 2005, saving £10000 of the book price & was able to secure a fixed re-mortgage @ 5% for 30 years with NRock a year ago @ £300 per month & I taught it all to him - he was clueless ! earning less than ever he has more than ever - it all started with dumping expensive prepaid ! )

even sim only monthly deals will reduce your mobile outgoings - try one of them is my advice to anyone spending £15-£20 a month, no commitment but value value value

robin91

diamonds wrote: »

the d/d doesnt show where its funded from on a credit file just the a/c exists, ive set up contracts with d/d out other family members from all the networks over last 5 years

saving money rather than amassing large chunks of income on topups is a MSE virtue, at 16 as long as you have the sense to keep checking your remaining allowance and remember its not a landline with is the way to go, bank some of the money you save going to contract as give it 10 years when you want a mortgage the savings will be a world of great at that time, thats future financial planning which is the MSE heart, reduce debt & save anywhere you can ( mate on my advice got a contract and saved minimum £60 a month, bought a 2nd hand MG in 2005, saving £10000 of the book price & was able to secure a fixed re-mortgage @ 5% for 30 years with NRock a year ago @ £300 per month & I taught it all to him - he was clueless ! earning less than ever he has more than ever - it all started with dumping expensive prepaid ! )

even sim only monthly deals will reduce your mobile outgoings - try one of them is my advice to anyone spending £15-£20 a month, no commitment but value value value

Wow, sounds like you helped him big time!!

O2 will allow the direct debit to come from my bank account, i've spoke to several people about it and they do it - but some networks do not (e.g. T-Mobile don't I believe.)

Bit confused due to mixed response - would creditors/banks see the mobile contract in her name, even from my bank account as more outgoings? Or will all they see is the credit check itself?

mobilejunkie

Credit cheques are designed to mystify; companies never actually justify their rejections and use different criteria. They will probably see the credit check and that (depending on immeasurable other variables) could be enough to put her at a disadvantage. It simply isn't possible to guage probabilites; although they may be slim they can't be denied. In her shoes I'd make the same decision, given what's at stake from her point of view.

loaner_2

The outgoings are largely irrelevant, it is the fact a search is recorded which is.