I got tricked into singing up with o2 who basically misled me into thinking that all of their 12 month sim only plans come with eSim capability. Now I have the sim, there’s no way to configure it because I got the wrong plan and have to upgrade. I will literally just bin the VCC and thereby block all payments.
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Thing is, does this have a knock on effect on your credit score though?
14 comments
Yes your score will get hit, my brother had this issue and then was in struggle street trying to sort a mortgage.
Yes. They will attempt to take payment, fail, try to contact you to arrange payment, when that fails they’ll cancel the account and charge you disconnection fees, when you don’t pay it’ll be sent to a debt collectors who will probably add extra charges on and chase you for it and it will be logged on your credit report that you defaulted. It may also go the route of a CCJ and your wages may be garnished to pay the debt back (plus court fees)
Yes 100% they screw with your credit score.
are you within the 14 day cancelation period?
Don’t you have a 14 day cooling of period at the start of the contract?
Of course it will as you’ll be in breach of contract. They could, and would either peruse you through the courts and or sell the debt in to a collection agency.
Have you tried just calling them and explaining the problem?
How did you notice this was an issue during the 14 day Cooling off period?
Yeah it will and phone companies are really hot on that stuff. It’s not like a mortgage or car lease where if you fail to pay there are valuable assets for them to claim back so phone companies come after you through your credit rating.
I had a discrepancy with a phone company ages ago, we’re talking 15 years or so ago, it never got to the debt collector letters point but it did drag on for a while and I had it marked on my credit history. Anyway I eventually relented and settled the debt, didn’t think anything else of it and forgot about it. Fast forward about 5 years……I’m buying my first house, all is fine and dandy……or so I thought. The bank come back to me after their credit checks…..”we can’t loan you the money due to some stuff on your credit file”. Hadn’t had anything untoward for years so wondered what it could be, checked my credit file and its this old phone company, (despite having paid the debt, having a stub in my checkbook (going back some years now) for the debt and my old statement showing the money leaving my account) they hadn’t bothered to change my credit file to say the debt was settled so it had been sat there for about 5 years showing as an outstanding debt. When I contacted them they still tried to claim I hadn’t paid it (had to collect and show them all the evidence stated above) before they would change the entry on my credit file. Almost lost my first house purchase because of it. Wankers.
Anyway, moral of the story…..DO NOT do anything that will seriously impact your credit rating, it can and does have a huge impact on what you can and cant do in the future financially. You never know when you may need to use/open lines of credit in the future, could even be for an emergency.
Have you had it longer than 14 days? You get a 14 day cooling off period if you’ve changed your mind
Something you used be able to do was downgrade your package to the cheapest available then just pay that. I know it still sucks but at least a bit better to be paying £12 a month or something instead of say £25 per month. Something that might be worth considering
How is it your sim isn’t esim compatible? Are you sure it just isn’t your phone?
Doing that will fuck you big time for the next six years. Think long and think hard.
Yeah utility companies and the like are buggers for knackering your credit score, I fell out with virgin media over £20 my score went down quite a bit. Still didn’t pay the fookers on principal
Are you within the first 14 days?
I used to do phone bill collections. If it’s showing on your credit file and you just stop paying, it’ll show as missed payments. You’re likely to get one of my old mates phoning you asking for the money too. Once reported, these show for 6 years and are checked when you remortgage, take car finance etc. Your best bet is to phone them, tell them your situation and see whether they’ll cancel it. If you’re not happy, raise a complaint.