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Will this scupper my mortgage chances?

12 replies

Everyday21 · 27/03/2021 06:33

Few details: My husband and I are saving for a house, currently renting and not looking to buy urgently, maybe in 5 or 10 years. I have always had a great credit score, never missed any kind of payment.

I'm in a battle with my current electricity supplier. Ive over paid by £700, I dont want to go into all the details but basically they keep promising to give it back but havent. Anyway I cancelled my direct debit with them this week and I'm using proper channels to lodge a complaint and get my money back. I've also switched suppliers.

There is small print that I will be charged for cancelling my DD, even though there is way more then enough in my acc to cover electricity for 7months atleast.

I havent been charged right now and hope the switch will have happened before they try to charge again. But regardless I will be fighting them all the way to court if needs be. I've had enough of the poor service from them.

My husband isnt one to make a fuss, in his mind I should pay another £100 DD to avoid and scene and hope that they give me our money back without me continuing to "harass" them (its been 4m since I first asked for it back).

Dh is now saying I've probably scuppered my chances of getting a mortgage in the future and my credit rating will fall through the floor. Hes disappointed in me. Is this likely to happen?

Hes so laid back about the fact this company is holding so much of our money and wants to keep taking more. Imo even if things didnt go my way this is one blip on years of never missing any kind of payment and I also have another 5 years to improve my credit rating again before we look at a mortgage.

OP posts:
PurBal · 27/03/2021 06:51

So you don't currently owe anyone any money? I don't think this will be an issue. DH had a default and it made zero difference to our ability to get mortgage. Get a good independent broker and they can advise.

Avidreader12 · 27/03/2021 06:57

No it wouldn’t if the complaint is upheld (goes in your favour) the electric company can’t detriment you by affecting your credit history. If you haven’t already make sure your signed up to a credit reference service checker (Martin Lewis credit club is free) you can then keep an eye on it monthly. It may even depending on what’s on it give you ideas how to improve your score.

Everyday21 · 27/03/2021 06:57

Thank you, no I dont owe anyone anything I never have. Which is fairness has back fired on me as I've over paid on my electricity.

The only thing I may end up owing are these changes for cancelling my DD

OP posts:

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Everyday21 · 27/03/2021 06:58

Thank you @avidreader12 I'll look at that

OP posts:
shhsecretsquirrel · 27/03/2021 07:00

Even if they do fine you (which I'd fight if they do - they clearly cannot be in charge of managing a direct debit) then they could take the fine out of the monies they owe you (which I'd then want back as you're entirely reasonable to cancel dd) so you wouldn't be defaulting on paying the time, you have the available funds in credit to pay it.

cryh · 27/03/2021 07:00

I think you'll be fine with something little like this. Maybe you should see an independent broker for a chat as you seem a bit over worried?

Bordois · 27/03/2021 07:02

Does your bill/statement show you in credit with what they owe you?

Everyday21 · 27/03/2021 07:16

Yes it does show that.

Thank you for the replies. I'm not over worried, I'm in the mindset where I will fight it.

It was just when my husband basically said I should get back into my box to avoid drama and said it may ruin our mortgage chances I thought I should double check I'm not being stupid

OP posts:
MimiSunshine · 27/03/2021 07:30

Any default on your file is wiped after 6 years so with your plan to buy in 5-10 years. Even if you did get one now you’d still be fine.

Your husband sounds really dramatic and overalls anxious plus I’d be hugely frustrated by his approach or ‘let’s just keep giving them money until they bother yo give it back to us’. I’d be telling him how disappointed i was in him not making sure we have that money in our accounts to add to savings.

NeilBuchananisBanksy · 27/03/2021 07:32

The other thing you could do is reduce it down to £1 so you are still paying but not much?!

Everyday21 · 27/03/2021 07:49

Yes @NeilBuchananisBanksy that is my plan if they call me. So far I've just had emails with no option online to reduce it to that. Thank you everyone

OP posts:
Sally872 · 27/03/2021 07:54

Sign up for one of the free credit reports. I get one each month and shows all well. You will see if this company is causing any issues, and more likely -prove your dh wrong- reassure DH each month.
£700 is a lot of money they owe you no wonder you want it back. Yanbu.

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