Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Paulo87
    • By Paulo87 13th Jan 19, 10:06 AM
    • 3Posts
    • 0Thanks
    Paulo87
    Default utilities affecting credit rating
    • #1
    • 13th Jan 19, 10:06 AM
    Default utilities affecting credit rating 13th Jan 19 at 10:06 AM
    Hi guys,

    New here and first post so please be gentle.

    Have a disputed payment with one of tv providers (End of Contract) of 74 dating back to July 18
    Lot of phone calls, got nowhere, sent dca letters out who can't prove debt exists when queried. Have had a letter regards ombudsmen which I've misplaced but no correspondence since.

    Fast forward to now and credit rating is rock bottom, less than 300.
    This would bother me except for the fact my mortgage fixed term is ending in July and will be afraid of not being able to renegotiate.

    I also have a loan for renovations for 15k (12k left), and 3 credit cards maxed out to time of 8500k, 2 of which are 0% and other paid of in full or close to every month.

    I know credit cards utilisation won't be helping either so next few months are aimed at reducing them asap.

    Question is an i better of giving in to tv company and pay 74 quid or is it too late now?
    Will it cost me more in long run?

    Thanks for reading 😀
Page 1
    • Gary_Dexter
    • By Gary_Dexter 13th Jan 19, 10:26 AM
    • 3,086 Posts
    • 1,788 Thanks
    Gary_Dexter
    • #2
    • 13th Jan 19, 10:26 AM
    • #2
    • 13th Jan 19, 10:26 AM
    Ignore your made up score.

    What is the debt for?
    • Paulo87
    • By Paulo87 13th Jan 19, 10:55 AM
    • 3 Posts
    • 0 Thanks
    Paulo87
    • #3
    • 13th Jan 19, 10:55 AM
    • #3
    • 13th Jan 19, 10:55 AM
    Debt on credit cards and loan is all for house refurbishment. Moved in in 2016 and work needed was a lot more than.

    The defaulted 74 quid is for disputed payment for TV/broadband package. Wasn't receiving speed quoted and channel lineup changed. Not sure if can name companies on here but I'm sure you can guess which one
    • Gary_Dexter
    • By Gary_Dexter 13th Jan 19, 11:02 AM
    • 3,086 Posts
    • 1,788 Thanks
    Gary_Dexter
    • #4
    • 13th Jan 19, 11:02 AM
    • #4
    • 13th Jan 19, 11:02 AM
    Regards the tv - that’s not a reason to not pay the bill so you’re liable for it.

    Clear the cards ASAP as well before the 0% runs out
    • Paulo87
    • By Paulo87 13th Jan 19, 11:30 AM
    • 3 Posts
    • 0 Thanks
    Paulo87
    • #5
    • 13th Jan 19, 11:30 AM
    • #5
    • 13th Jan 19, 11:30 AM
    I was also out of contract and cancelled, they insisted on 30 days notice which i did not agree to due to them not upholding their part of agreement.

    I plan to, still have 20 months but I'm aiming to get them down and putting works on house on hold
    • Gary_Dexter
    • By Gary_Dexter 13th Jan 19, 12:01 PM
    • 3,086 Posts
    • 1,788 Thanks
    Gary_Dexter
    • #6
    • 13th Jan 19, 12:01 PM
    • #6
    • 13th Jan 19, 12:01 PM
    Doesn’t matter - it would have been in the contract you signed and agreed to so you’re liable for it.
    • Facknats
    • By Facknats 13th Jan 19, 5:50 PM
    • 23 Posts
    • 29 Thanks
    Facknats
    • #7
    • 13th Jan 19, 5:50 PM
    • #7
    • 13th Jan 19, 5:50 PM
    I paid off the water company and asked if they'd remove the black mark, so yiu could try that.

    Is it worth losing your financial freedom over 70 quid? Continue the battle but do it by refund rather than default..
    • Tarambor
    • By Tarambor 13th Jan 19, 8:03 PM
    • 4,237 Posts
    • 3,251 Thanks
    Tarambor
    • #8
    • 13th Jan 19, 8:03 PM
    • #8
    • 13th Jan 19, 8:03 PM
    Your score or the contents won't prevent you from being able to renegotiate a deal with your current lender, it might though mean it is harder to get one with another lender and the rates offered aren't as good.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,679Posts Today

9,793Users online

Martin's Twitter
  • Perhaps the only thing we truly learn from this poll is we are generally optimistic. Most Brexiteers think Brexit w? https://t.co/DoosVRvneE

  • RT @MoneySavingExp: ??Join the UK's biggest consumer website ??Make a difference ??Work with brilliant journalists ??Collaborate with top b?

  • Today's Twitter poll: Do you believe the UK will leave the European Union in 2019? PS. Twitter/my following tends? https://t.co/U3DknxaJOG

  • Follow Martin