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Can a rating be 'ruined' over £17?
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motherbored21
Posts: 144 Forumite
Long story involving Sky tv not cancelling our subscription when we moved and 5 months on, unbeknown to us, it's in the hands of Westcot debt collectors.
Will this destroy OH's credit rating?
Will this destroy OH's credit rating?
0
Comments
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"Destroy" - Not particularly.
Affect - Definitely.
Some lenders will see that he has a default - it won't matter how much it was for, and they'll automatically assume you're a bad risk. You could try and appeal to Sky about it, but it'd be hopeful.Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.
ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.0 -
A non payment can affect your chance of obtaining future credit yes.
If the debt is disputed then make sure you do dispute it in writing and get them to remove the incorrect data.Censorship Reigns Supreme in Troll City...0
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