Mobile phone default

Bassmansam · 19 Feb 2017 at 10:18

Hello

Me and my gf have a meeting with a mortgage broker on Friday to arrange a shared ownership mortgage. The value of the mortgage is 102,000(40%) share.

Anyway, my credit score came back as 999 but hers is somewhere in the 400's. It appears vodafone have put several red marks on her file for an account she closed 18 months ago. She spoke to them on Friday and they said she was in credit 21 pounds and the money will be refunded in to her account.

I'll email my broker today showing him the chat transcript with vodafone. Just wondered if anyone here had a similar expeirence?

norm · 19 Feb 2017 at 10:28

Vodafone should update their records removing the default in the process. Your GF really should be more proactive with her affairs though checking credit rating with the three main agencies, Equifax, Experian, Noddle.

Also a shared ownership home can be fraught with issues like rising rent, difficulty selling/remortgaging.

Hades · 19 Feb 2017 at 16:16

Hopefully the rest of her matters are in order. But before taking a significant step such as buying a house together it might be worth listening to a recording of a radio show on YouTube "Marrying into debt" by US shock Jock Tom Leykis.

Bassmansam · 19 Feb 2017 at 16:55

They are in order. What i don't understand is how can she have missed payments and now she is in credit and in that time she has made no payments to vodafone.

Hades · 19 Feb 2017 at 18:58

Could she have missed the payments a long time ago, then caught up later and overpaid?

Out of interest do either of you have student loans etc? If so then still listen to that clip

Adam · 19 Feb 2017 at 19:06

Bassmansam said:
They are in order. What i don't understand is how can she have missed payments and now she is in credit and in that time she has made no payments to vodafone.

They aren't in order or it wouldn't have taken 18 months for her to notice the defaults!

G-MAN2004 · 19 Feb 2017 at 19:10

This doesn't sound like a great decision to make.

Bassmansam · 19 Feb 2017 at 19:10

Hades said:
Could she have missed the payments a long time ago, then caught up later and overpaid?

Out of interest do either of you have student loans etc? If so then still listen to that clip

We both have student loans but our credit cards are clear at the moment. I'll watch the clip, thanks.

Bassmansam · 19 Feb 2017 at 19:12

G-MAN2004 said:
This doesn't sound like a great decision to make.

Aside from the credit rating what is bad?

muon · 19 Feb 2017 at 21:53

There could also be multiple contracts. You just happened to speak to vodafone about the one in credit.

B@Th*nG · 20 Feb 2017 at 10:26

Bassmansam said:
Aside from the credit rating what is bad?

she's a woman and you're planning on sharing your life with her.. OBVIOUSLY the neck beards who are terrified of getting screwed over (so never live in the first place) assume her slight credit oversight means she's definitely going to take you for everything you've got haha

B@

joeyjojo · 20 Feb 2017 at 10:52

I had a phone network report me as 'defaulted' on a contract many years ago (O2 I think it was) despite everything being above board and the contract coming to a proper end. I had to put in a request with their 'credit control' department and they fixed the records.

Sounds like your gf has already done this so give the credit agencies some time to update their records.

P.S. there's no such thing as a 'credit score', it's just marketing. Any lender will come up with their own (secret) calculations.

internetuser · 20 Feb 2017 at 12:24

I would get her sighed up with Noodle and clearscore just to get an understanding what is on her file, incase any other errors slip through

Bassmansam · 23 Feb 2017 at 08:51

Well vodafone screwed up big time. All mised payment markers will be removed. Thing is we are meeting our broker tomorrow and i'm not sure when the credit file will be updated although they are sending a letter to clarify their mistake if that counts for anything with banks.

wez130 · 23 Feb 2017 at 08:56

norm said:
Vodafone should update their records removing the default in the process. Your GF really should be more proactive with her affairs though checking credit rating with the three main agencies, Equifax, Experian, Noddle.

Also a shared ownership home can be fraught with issues like rising rent, difficulty selling/remortgaging.

It's not Noddle, the third agency is Callcredit, however, Noddle is a credit report service offered by Callcredit, just like Clearscore uses Experian for its information.

Energize · 25 Feb 2017 at 10:45

Credit score means nothing. Each lender independently looks at credit history and makes their own decision, having a default on a phone payment 18 months ago is not going to cause a lender to refuse a mortgage all else considered.