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cancelled a contract, will they bother recovering the money?
kmb500
Posts: 656 Forumite
in Phones & TV
This is not for phones/tv but cinema, sorry I couldn't find a better forum to post in.
I had a subscription to my local cinema, the service is identical to Cineworld Unlimited except it's for a small chain with only 5 sites.
The contract is 12 months @ £16.95 pm.
I have had it for 8 months, paid 8 instalments, but I'm trying to save money so I cancelled the direct debit.
If I refuse to set another DD up with them, what do you think the chance is that they actually try to recover this money? Its only £67.80 left, I wouldn't have thought they would bother, but does anyone have any experience with small companies and small amounts like this?
Also - I have never seen my credit file but what affects credit rating? I used to work for this company and we always had to tell customers that if they quit the contract early, it would not affect their credit rating and we would not chase the missing payments up. However the managers were a bit clueless and reading through the T&Cs now, it does say that they may use debt collectors to recover the money. Could this potentially affect my credit rating?
I had a subscription to my local cinema, the service is identical to Cineworld Unlimited except it's for a small chain with only 5 sites.
The contract is 12 months @ £16.95 pm.
I have had it for 8 months, paid 8 instalments, but I'm trying to save money so I cancelled the direct debit.
If I refuse to set another DD up with them, what do you think the chance is that they actually try to recover this money? Its only £67.80 left, I wouldn't have thought they would bother, but does anyone have any experience with small companies and small amounts like this?
Also - I have never seen my credit file but what affects credit rating? I used to work for this company and we always had to tell customers that if they quit the contract early, it would not affect their credit rating and we would not chase the missing payments up. However the managers were a bit clueless and reading through the T&Cs now, it does say that they may use debt collectors to recover the money. Could this potentially affect my credit rating?
0
Comments
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Expect debt collection agencies and ultimately a CCJ if you don't pay fulfil your minimum term.
Instead of just cancelling the Direct Debit without actually cancelling (always a bad idea), why not simply try to negotiate a (likely far cheaper) Early Termination of Contract (ETC) fee?0
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