Very £3.50 missed payment!! Result: Poor credit score...

takman

mccristo wrote: »

It is marked as "1" sorry not "UC" I thought it was "Uncollected" but just 1 missed payment.

I admitted I misread/missed the part about the delivery not being included. I ordered in a rush, as I usually do when buying things not expecting to be screwed over by a large company. It was a mistake, a costly one for £3.50. The system should be able to differentiate between an oversight and poor financial management.

Yes, I was stupid to not read it quickly but I always pay my debts and rectified the probably the moment I realised. Very should be able to do something about this and the system should allow it. I can't help but feel like it's a way for the financial system to screw yet more money out of people.

/lesson learned...annoyingly.

How exactly has it been a costly mistake and who has screwed you out of more money?. How much money has this actually cost you?.

From reading your first post i can't see how this incident has caused you to loose any money?.

YorkshireBoy

mccristo wrote: »

Note: I was told to add a mark of correction to my credit file but this apparently caused you to be automatically forwarded to the underwriters which can cause even more problems apparently.

That's incorrect. All it means is that you'll fail all automated credit scoring systems (they work with numbers only, not text), meaning the application is processed manually. I believe they're bound (by regulation/legislation?) to process them, rather than binning them.

You admit you didn't read the T&Cs, and you now accept this was a mistake. However, did they not also send you a statement (in addition to the other contact they made)? If they did it would appear you also didn't read that either?

GingerBob_3

takman wrote: »

That must be the reason that you have such a bad credit history and have so many problems with companies because instead of sorting out problems you just send them abusive letters!.



I really don't see how putting up a big notice which mentions "blacklists" that don't exists is going to help anyone?.

I've just looked at the BNPL page and the information is very to the point and if someone can't read such a small amount of information before agree to a contract then they shouldn't be taking out financial products without help!.
You may support the hand holding and spoon feeding of information that is becoming more and more common these days but most* adults are capable of reading information and making decisions on their own and.

*I say most but logical people will soon be in the minority if people like you have their way!

LOL! For what it's worth I assume my credit history is pretty much immaculate. I can't be certain because I never check, but if it isn't it will down to malicious reporting. Have you somehow managed to determine who I am and then hacked Experian's files? Or perhaps you're just making an assumption?

takman

GingerBob wrote: »

LOL! For what it's worth I assume my credit history is pretty much immaculate. I can't be certain because I never check, but if it isn't it will down to malicious reporting. Have you somehow managed to determine who I am and then hacked Experian's files? Or perhaps you're just making an assumption?

You've mentioned before that you atleast have the odd missed payment on your credit history.

I don't understand why you wouldn't check considering that you can get your reports free from two of the credit agencies (soon to be all three).
but then again you do have a irresponsible attitude on the forum and like to spread misinformation so I suppose it's logical you also have an irresponsible attitude towards your finances!.

mccristo

A lower credit score means worse products. With a mortgage this means thousands of pounds in interest, that is fact. If you are referred to the underwriters you are far more likely to get a revised mortgage product or rejected outright. That is also fact. So yes, missing this one payment has cost me a lot of money. So, rightly so, I'm annoyed and I DO feel screwed over by Very. Why the hell isn't the delivery part of the total sum if they're not trying to squeeze money from customers who do miss that line?

To be perfectly blunt, judging someone because they missed a block of regular sized text at the bottom of a large marketing site is idiotic and a sheer case of jumping on someone who came here looking for help.

I came here for advice and, instead, get told I shouldn't be getting credit products as I'm incompetent? If you don't have anything useful to say please kindly jog on.

[Deleted User]

mccristo wrote: »

A lower credit score means worse products.

Not really. Your score is not seen or used by anyone and plays no part in underwriting.

Lenders will look at your credit file and use the data on there to make a decision. That's not to say that a late payment may not have an impact - it could, particularly if you are borderline.

But your score plays no part in the process whatsoever.

MEM62

mccristo wrote: »

A lower credit score means worse products. No is doesn't. Credit scores are randomly generated numbers. They are meaningless and lenders do not see them. With a mortgage this means thousands of pounds in interest, that is fact. If you are referred to the underwriters you are far more likely to get a revised mortgage product or rejected outright. That is also fact. Is it? How do you know when you haven't even applied yet? So yes, missing this one payment has cost me a lot of money. It has not cost you a single penny so far. So, rightly so, I'm annoyed and I DO feel screwed over by Very. Why the hell isn't the delivery part of the total sum if they're not trying to squeeze money from customers who do miss that line?

To be perfectly blunt, judging someone because they missed a block of regular sized text at the bottom of a large marketing site is idiotic and a sheer case of jumping on someone who came here looking for help.

I came here for advice and, instead, get told I shouldn't be getting credit products as I'm incompetent? If you don't have anything useful to say please kindly jog on.

I am sure that, when you actually come to sort your re-mortgage, you will find that this will have no impact. As for Very, from the posts on here they are known to be less than sympathetic in these situations and are probably not the best of companies to deal with if you have an issue. Either way I doubt that you will be impacted by it.

takman

mccristo wrote: »

A lower credit score means worse products. With a mortgage this means thousands of pounds in interest, that is fact. If you are referred to the underwriters you are far more likely to get a revised mortgage product or rejected outright. That is also fact. So yes, missing this one payment has cost me a lot of money. So, rightly so, I'm annoyed and I DO feel screwed over by Very. Why the hell isn't the delivery part of the total sum if they're not trying to squeeze money from customers who do miss that line?

To be perfectly blunt, judging someone because they missed a block of regular sized text at the bottom of a large marketing site is idiotic and a sheer case of jumping on someone who came here looking for help.

I came here for advice and, instead, get told I shouldn't be getting credit products as I'm incompetent? If you don't have anything useful to say please kindly jog on.

So there you go you haven't lost any money and your just assuming you will!. Instead of just reading what people on this forum are saying and understanding how credit scoring works you are just assuming how it works. Just like you did when you took out credit with Very your not reading and just assuming.

If you think telling you to read the conditions of a financial product before you sign up to it is not useful then this won't be the last financial mistake you will make!.

GingerBob_3

takman wrote: »

You've mentioned before that you atleast have the odd missed payment on your credit history.

I don't understand why you wouldn't check considering that you can get your reports free from two of the credit agencies (soon to be all three).
but then again you do have a irresponsible attitude on the forum and like to spread misinformation so I suppose it's logical you also have an irresponsible attitude towards your finances!.

Some advice: if you concentrate on the issues being discussed, rather than commenting on the people involved in the discussion, you might be taken more seriously.

takman

GingerBob wrote: »

Some advice: if you concentrate on the issues being discussed, rather than commenting on the people involved in the discussion, you might be taken more seriously.

The reason that someone has a particular opinion is just as important and the opinion itself.

But it's a bit hypocritical for you to tell me to keep to the issues being discussed when you use threads about credit agencies or obtaining credit to express your hatred at the entire system. Your posts don't add anything to the discussion and are factually incorrect, but that doesn't mean you shouldn't post them. Just like I can theorise on the logic behind your options in my posts.