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15 year old SIM contract
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![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
[Deleted User]
Posts: 7,175 Forumite
I've got an old 3 SIM contract on my credit file that was taken out in 2003 and still reports to my credit files every month. It doesn't cost me anything as it's the old 3ToGo tariff with no monthly service charge, just calls.
Will this be looking favorably on my credit files or would they actually improve if I cancelled it?
Will this be looking favorably on my credit files or would they actually improve if I cancelled it?
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It is unlikely to harm your report.2.88 kWp System, SE Facing, 30 Degree Pitch, 12 x 240W Conergy Panels, Samil Solar River Inverter, Havant, Hampshire. Installed July 2012, acquired by me on purchase of house in August 20170
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Improve it in what way?0
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Just leave it as it is.
No lender is going to make a decision based on a free SIM card.0 -
It's a SIM contract not a freebie SIM card.0
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Just leave it as it is.
No lender is going to make a decision based on a free SIM contract.0 -
Deleted_User wrote: »Just leave it as it is.
No lender is going to make a decision based on a free SIM contract.
Funny. If you don't have a constructive answer then don't reply at all.
No wonder you have 16K posts in 8 years.0 -
I'm sure I'll be corrected if not, but as I understand it, the main things that lenders will look at is:
1. Your available credit
2. Your use of that credit
3. Whether you pay your bills on time
4. Outstanding debt
I'm guessing that your available credit will be considered to be minimal on a SIM contract, and with no bills, no debt and no history of abusing the credit, I'd imagine that there would be little negative impact on your "credit score", and that lenders would probably see the trail of a positive (if minimal) credit history to be a good thing.
But I doubt it makes a huge amount of difference, if any.0 -
This will demonstrate a lengthy relationship.
What are you looking to improve your files for? If it's a mortgage then a SIM contract is unlikely to be considered unless you have numerous late/missed payments.
If it's the only thing on your credit file then you may struggle to get credit given that you have no real evidence of managing credit.
If you tell us your objective along with any other comittments being reported to your credit files, we will be able to provide more context to the replies.I’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
If you can't be the best -
Just be better than you were yesterday.0 -
Positive factors: Account age 15 years. Another account reporting 0 status each month. Balance reported is presumably nil?
Negative factors. None.
Leave things alone.0
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