Saturday 19 February 2011

Credit scores: How £8 on a mobile phone bill could scupper your mortgage | Money | The Guardian

Credit scores: How £8 on a mobile phone bill could scupper your mortgage | Money | The Guardian

A £7.91 missed mobile phone payment jeopardised my chances of getting a £220,000 mortgage! That was the complaint this week from homebuyer Adam Vaughan, who feared he was going to lose the mortgage he was applying for after O2 put a black mark on his unblemished credit file. That meant he had an "adverse credit history", which could have prevented him from borrowing the amount he wanted.

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