Saturday, 18 February 2012

O2 debt wrecks mortgage application for homebuyer … again | Money | The Guardian

O2 debt wrecks mortgage application for homebuyer … again | Money | The Guardian

In February last year, Guardian Money reported how a missed mobile phone payment of just £7.91 jeopardised homebuyer Adam Vaughan's chances of getting a £220,000 mortgage. Twelve months on, it's a £57 missed mobile phone payment that has left Conal Duffy in danger of losing the mortgage he needs to buy his dream house.

Both cases involve mobile phone giant O2 slapping black marks on people's unblemished credit files.

Duffy's experience provides fresh evidence that seemingly trivial issues relating to mobile phone contracts are still coming back to haunt people who apply for mortgages, loans and credit cards. All too often, they are then being turned down by banks for not meeting their rigid credit-scoring criteria.

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