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Credit status advice

03bintls Avatar
8y, 7m agoPosted 8 years, 7 months ago
I'm living in a shared house at the moment and unfortunately I'm in charge of paying the gas and electric bills. So when the bill comes in I collect money off each person and then pay the relevant company. I have to do it this way because I sometimes don't have £150 or however much in my account to pay it off first.

What I'm wondering though is if people take ages to pay me, and subsequently we get final reminders through the post etc, will it affect my credit rating or whatever at some point? I should think my record is pretty perfect at the moment and don't want it to get messed up because of other people's ..... incompetence!

I've tried searching about on the net but can't find a definite answer, does anyone know?

Thanks.
03bintls Avatar
8y, 7m agoPosted 8 years, 7 months ago
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1 Like #1
final reminders aren't a problem but if it gets to the state where they are threatening debt collection it could then get registered, get the others to pay a month in front or tell them you want everything out of your name.
If you are doing all the work why should you take any risks as well
1 Like #2
Definately - if your name is on the bill be very careful, having lots of things in your name (credit wise) can be good it will bump up your credit worthiness but NOT if you miss payments or are late paying this will have the opposite effect.
You can sign up for a free credit check also
http://www.experian.co.uk/creditreport/ plus quidco
1 Like #3
I work for a finance company and our records never include utility bills when we're looking at providing finance to an applicant. I'm not sure about other lenders but we don't receive that sort of information from the credit reference agencies.

As already mentioned if it got to the point of a county court judgement or default then yes, we would have that information to hand, but not before.
1 Like #4
Utility Bills are not credit and therefore excluded from your credit file/report.

As said above if it gets to default/CCJ stage then expect it to appear on there (very unlikely from what you have said)

But paying a few days even a week late will have no bearing on your credit score whatsoever.
#5
Thanks guys. I don't think it would ever get for court stages etc, but we have often had those final reminder letters through. I think its best that I have a 'firm word' with them all anyway though then!
#6
octobergirl
You can sign up for a free credit check also


Where do I do this?
1 Like #7
as has been said,reminders are not really a problem,it becomes a problem if the bill is passed on to a debt collection agency.This usually happens if you have ignored paying the bill for quite some time and the utility company feels there is no alternative but to sell the debt on to regain their monies.

If you feel that this could be a problem in the future,it may be worth it to have prepayment meters put in,you will have a card that you 'put money on' then put in the meter.This way.you are paying as you go along and will not have a big bill to fork out for at the end of the quarter.

You could also contact your utility to see if they do a weekly or fortnightly payment scheme as well,this way it may be that you all have to chip in a smaller amount each week which does not feel as bad as finding £50 every 3 months.

HTH :)
banned 1 Like #8
Why not pay the bills by direct debit and get your mates to set up weekly standing orders into your account so you dont have to go cap in hand each time a bill arrives. DD is cheaper too.
1 Like #9
i don't know how many there are in your house, but if you get them to pay you £15-£20 per week or so, so that you have built up the funds needed prior to receiving the bill. this will make it easier on everyone's pockets and mean you will always have enough money to pay the bill
#10
If ever I find myself in the same situation again then yes I will defo be setting standing orders etc. Fortunately I will only be with this group of people for a few more months, so we will probably only have about one or two more bills. I didn't do it at the start because each bill was for a different amount and I though people might get a bit shirty paying more than they had to each month. I won't make that mistake again!!! lol.

You've have all made me feel a bit better about it though - at least I'm not going to be turned down for a mortgage because of it all! .... I hope....
#11
03bintls
Where do I do this?


http://www.equifax.co.uk/currentoffer/index.html

Competitor to the group i work in but hey ho, they make no money from it! just make sure you cancel within the 30 days :thumbsup:
#12
credit expert also do a free trial for 30 days, again make sure you cancel it or its £6 per month
#13
03bintls;1867159
I didn't do it at the start because each bill was for a different amount and I though people might get a bit shirty paying more than they had to each month...


If they know that anything that is left over at the end of each month rolls-over in the kitty, then eventually there may be enough money for a "free" months-worth of bills!

i did this when i was in Uni and at the end of the year we had a massive night out, all paid for by the escess money in the bills fund.
#14
These are good and you don't have to give any card/bank details.

http://www.annualcreditreport.co.uk/
#15
You've had all the knowledge you need, the only other thing is if the bill is in your name and they are not paying in advance, if they leave in say 60 days and bill doprs in on day 61, your going to have to pay it all.

I'd be taking money off everyone each week
#16
DJNG22
Utility Bills are not credit and therefore excluded from your credit file/report.

As said above if it gets to default/CCJ stage then expect it to appear on there (very unlikely from what you have said)

But paying a few days even a week late will have no bearing on your credit score whatsoever.


You are wrong here.Utility bills are the same as all other bills and are included in your credit file.If you be late in paynig for example for water or gas,this will reflect on your credit report.
#17
03bintls
Where do I do this?


go through quidco for £6.50 cashback :thumbsup:

http://www.quidco.com/free-experian-credit-report/
#18
03bintls
Where do I do this?


there are a few but this is the main one
http://www.experian.co.uk/creditreport/
get your free 3 month trial or whatever they are offering at the moment, then cancel then after a further few months sign up again:) cant lose with quidco too
#19
Thanks for the advice people! I'm a little bothered about getting money off everyone before they all leave, I can see myself getting lumbered with the big bill here! Lol.

Once my 24 hour limit is up I shall be repping you all :)
#20
Rimi
You are wrong here.Utility bills are the same as all other bills and are included in your credit file.If you be late in paynig for example for water or gas,this will reflect on your credit report.


No it doesn't, I have worked in collections and as an underwriter of car finance and have never seen past due utility information displayed on any credit file I have seen. Only CCJ and default information where applicable.

You do not have entries on your credit file for utilities to show your payment history.

I am talking experian and equifax here, if you can tell/show me otherwise then I will scurry off with my tail between my legs!!!!

The only thing I can think of off the top of my head that isnt credit that appears on your file is a mobile phone contract. (there may be others but not water, gas, electric)
#21
Is it still the case that CCJs are also against the property not necessarily against the individual, making the property blacklisted?
banned#22
DJNG22;1874366
No it doesn't, I have worked in collections and as an underwriter of car finance and have never seen past due utility information displayed on any credit file I have seen. Only CCJ and default information where applicable.

You do not have entries on your credit file for utilities to show your payment history.

I am talking experian and equifax here, if you can tell/show me otherwise then I will scurry off with my tail between my legs!!!!

The only thing I can think of off the top of my head that isnt credit that appears on your file is a mobile phone contract. (there may be others but not water, gas, electric)

My experian file has all my utility info on it. It may be just that your company didnt include them in your checks but i dont think you can say its the rule everywhere.
#23
csiman
My experian file has all my utility info on it. It may be just that your company didnt include them in your checks but i dont think you can say its the rule everywhere.


How bizarre!! I get my file from Experian online and it does not include my water, gas etc - do you think it depends which provider you are with?

It has your payment history for the last 12 months on it?
banned#24
03bintls
Thanks for the advice people! I'm a little bothered about getting money off everyone before they all leave, I can see myself getting lumbered with the big bill here! Lol.

Once my 24 hour limit is up I shall be repping you all :)


I left the electric + gas bills in the company name that advertised the house to us, whenever I rang up to discuss the bill they were fine with this as it was a long term rented house. Be warned I got screwed over when my house mate decided to leave but I kept the whole deposit minus what he didn't pay in rent :-D

oh and make sure your house mates names are on the Council tax and water bill so they are liable for that too.

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