Problem, help!!

ladymagpie

grumbler wrote: »

Well, if he doesn't have money to pay the DD anyway, then it's really better to cancel it to avoid extra bank charges for a bounced DD or unauthorised overdraft.

How is that better than a damaged credit report for 6 years? At least there's a possibility of paying back bank charges.

grumbler

If the OP doesn't have money to pay, he can't avoid this:

markwatson99 wrote: »

...I can't afford the next months one, plain and simple

How it's better to have a damaged report and to pay extra bank charges on the top? BTW, reportedly bounced DDs are reported separately by banks that increases the damage.

preable

Make sure you block the sim ASAP to avoid further charges.

markwatson99

grumbler wrote: »

Well, if he doesn't have money to pay the DD anyway, then it's really better to cancel it to avoid extra bank charges for a bounced DD or unauthorised overdraft.

Exactly...as he caused the last bill to be £131, another big one next month would be bounced back and cause all-sorts of charges and hassle. I should have been more specific, my credit rating will now be screwed anyway as I've just taken out a DMP with Harrington Brooks via the Money Group (regretting choosing them already!)...so an unpaid phone contract can't make it much worse I suppose.

I'll keep on the phone to T Mobile to try and find some amicable solution, and pester the numpty that caused this for the money in the meantime.

Cheers for the help

ladymagpie

grumbler wrote: »

If the OP doesn't have money to pay, he can't avoid this:
How it's better to have a damaged report and to pay extra bank charges on the top? BTW, reportedly bounced DDs are reported separately by banks that increases the damage.

You know the phrase, one bird in the hand is worth more than 2 in the bush?

Well, a charge now is much better than spending 6 years unable to get credit and therefore having to settle for worse deals which will lead to spending £££ more than everyone else over time.

grumbler

ladymagpie wrote: »

You know the phrase, one bird in the hand is worth more than 2 in the bush?

Well, a charge now is much better than spending 6 years unable to get credit and therefore having to settle for worse deals which will lead to spending £££ more than everyone else over time.

What are you talking about?!
If there is no enough money in the current account to pay the DD and the DD is going to bounce then cancelling the DD is the best course of action. Full stop.

Herongull

markwatson99 wrote: »

Exactly...as he caused the last bill to be £131, another big one next month would be bounced back and cause all-sorts of charges and hassle. I should have been more specific, my credit rating will now be screwed anyway as I've just taken out a DMP with Harrington Brooks via the Money Group (regretting choosing them already!)...so an unpaid phone contract can't make it much worse I suppose.

I'll keep on the phone to T Mobile to try and find some amicable solution, and pester the numpty that caused this for the money in the meantime.

Cheers for the help

What do you mean "another big one next month"? You are actually thinking of leaving the phone unblocked and allowing "your friend" to run up £hundreds or even £thousands (if he takes the phone abroad, uses premium services, or the phone is lost or stolen) each month until T-mobile finally get around to blocking it?

You must get the phone blocked now!

Don't you realise that you are liable for every £ your friend uses up on the phone?

Even if you don't care about your credit rating, the debt recovery company can keep chasing you and if the debt is high enough it will be worth their while getting a court order against you.

If they get a court order, you will have to pay. They can seize your assets if you have any, they can get deductions from any income you receive.

Why would anyone allow this debt to continue spiralling. Giving your friend that phone is like giving him your credit card and pin.

You've got to get it blocked now!

fannyadams

Go round you 'so called friend' 's house and take YOUR SIM out of his phone.
There
Fixed
You're welcome

pmduk

Surely it should be classed as the OP's phone?

markwatson99

pmduk wrote: »

Surely it should be classed as the OP's phone?

That's what I thought...it's a £250 phone as well...if this rumbles on maybe i'll ask the police what my options are (after reporting it stolen)