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How will this affect my credit rating?

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Nearly two years ago I cancelled my phone account. Although I was paying by DD, they didn't clear the balance wth the DD but referred it to a DCA. I complained and it eventually went to the Ombudsman.

Their decision is that, so long as I pay the outstanding balance this month, it will be recorded on my credit file that the debt is the result of a dispute that has now been settled. They say that this will not have a "disproportionate" adverse effect on my credit rating.

Can anybody explain how adverse this will be, as I resent the description of this as a debt in the first place. Thanks.

Comments

  • cat4772
    cat4772 Posts: 2,467 Forumite
    I don't know but hopefully someone more knowledgeable will be along soon!

    Cat.x
    DFW Nerd Club #545 Dealing With Our Debt
    :onever attribute anything to malice which can be adequately explained by stupidity, [paranoia or ignorance] - ZTD&[cat]
    :othe thing about unwritten laws is that everyone has to agree to them before they can work - *louise*

    March GC £113.53 / £325
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