pslewis

........ say, someone owed a bill .... didn't pay.

That debt was sold on to a debt collection agency - then they send a red, final, bill to you.

At that point the bill is paid.

Does it go down as a bad debt, will it affect that address on the Credit Listings?

Ant

http://www.experian.co.uk/experianhome/?sc=410006

dpb

It's time to send Ting tong out on the streets Pete

bustaMOVEs

iTrader: (31)

If its already gone out to dept recovery services then it's bad dept by then, thought you was rich?

pslewis

I am rich .... it's not me - I'm just wondering if the address would be blighted, or the individual?

Boro

iTrader: (1)

Ahh, you're asking for a friend right? ;-)

jonc

Sounds like it's for Gordon Brown, borrowed too much with no way of paying it back, tax payers pick up the bill, mean while Brown does a runner leaving this country blighted.

toneh

iTrader: (1)

A debt will become a default on your record long before its past on to collection agents
And it Goes on the individual at the address where they are residing at the time of the debt

pslewis

So, other people at the address can still enjoy their hard won top credit rating?

toneh

iTrader: (1)

If you currently reside at an address with someone that has a bad record it can effect getting credit

I have been in that situation with an ex

Boro

iTrader: (1)

Is it the lodger Pete?

pslewis

The bill wasn't opened as the person wasn't about ..... for 3 weeks.

It was less than £40!

I cannot imagine it would be a major black mark - especially as it was paid as soon as the debtor was made aware of it.

toneh

iTrader: (1)

I can't confirm if this is 100% or not but this is what I was told by a mortgage advisor a year or so ago
He said due to bank lending and the current financial climate lenders have become unbelievably strict
He said he had a couple refused a mortgage because of a few late credit card payments
,,, not missed , but late
Now that's what I was told , true or not I don't know

GC8

Only if youre financially associated.

toneh

iTrader: (1)

Not true , we moved in together at my address and my finances where immaculate , hers were very poor , we had seperate accounts and had been together for a couple of years and she had been carrying on with her pss poor spending
I went to buy somthing and was declined , I asked why and obviously wouldn't say ( never happened before ) it transpired that she was running debts up at my ( our ) address , so I had to point out it was nothing to do with me and had to distance myself from her
Ive also had the same when I've moved to my current address , and explained I'm not the previous owner

If it doesn't affect an address , how has it affected me twice ?

dpb

She was on electoral role there?

toneh

iTrader: (1)

Yes mate

toneh

iTrader: (1)

With the ex situation it was slightly more of a problem because I was actually declined credit
But with the previous owner of my current address it was just brought up and sorted as soon as it was clear I was not the debtor

Dingdongler

So you share a house??? Can't you afford your own?

Gear Head

iTrader: (2)

Keep up. He lives in a retirement home!
All makes sense when you know this.

Pjamie

If it was only 3 weeks late then it shouldn't appear on your CRA file unless the payment was for something like a credit card or bank loan where it may appear as a late payment.

The best thing to do is watch your credit rating. If it does appear, and you think the reporting was malicious, you can ask for it to be removed. If they won't remove it you have the option to take them to court.

Malicious messing with peoples credit reports is not looked upon too kindly now given how important they are, and there is automatic compensation of £8k for damage to your credit worthiness if the report is incorrect. A small claim (£5K limit) would be the cheaper option and send the message not to mess around. I can't see a judge being happy with a company trashing someones credit rating for an invoice that wasn't paid within 3 weeks from the date it was delivered.

dpb

That would be a useful boost, remembering Pete's wages as trolley collector probably won't peak this figure in a whole year

Carlh

"I am rich".
"I drive a Civic Diesel".

Just doesnt sound right pete?

Leslie

Its as good a reason as any when you think about it!

Les

pslewis

Try turning it on it's head ..... I drive a Honda Civic Diesel ..... so, I am rich.

You, on the other hand, will always be poor because you're not that bright, are you?

TelBoy

Why are you having a dig at Carl when he's not the one going to bed tonight pretending to be something he's not? You're not rich, you don't even know the meaning of the word. Never have been, never will be. Worrying about some £40 unpaid bill for Christ sake. Low rent if ever i saw it.

pslewis

That's your jealous fueled opinion .... I'm well aware of your desire to be more like me, in some small way - but, don't let the green eyed monster cloud your judgement so much!

TelBoy

Possibly your most ineffective response ever. To anyone.

pslewis

But, you just had to come back, didn't you?

I whistle, you come running ....... it is as it has always been, you walk in my shadow.

TelBoy

Closely followed by that one. You just can't keep self-delusion out of any post can you? There has to be a name for whatever it is you've got. And not just "being a tw@t".