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Cancelling Phone Contract Early

Just a quick question... I want to cancel and settle my T-Mobile contract 7 months early. Will this put anything bad on my credit report? Or will the account just be marked as "Settled"?

Cheers
Cashback Earnt so far in 2009: AMEX £133.93, wepromiseto.co.uk £67.07, Barclaycard £25, MobilePhoneExchange: £28. TOTAL: £254.00

Comments

  • Jon_01
    Jon_01 Posts: 5,897 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    As long as you pay up the remaining 7 months it'll be flagged as settled.
  • lawbunny
    lawbunny Posts: 225 Forumite
    You will get one final bill 14 days after you cancel with an early termination fee on it. So long as you pay this on time it will not affect your credit file. There is nothing wrong with cancelling early so long as you pay it on time.
    I accept no liability if you chose to rely on my advice.
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