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Cancelling direct debit and impact on credit rating

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  • 06-01-2015 2:15am
    #1
    john p o shea
    Closed Accounts Posts: 16 ✭


    just wondering if you have say sky or eircom that comes out of your bank by direct debit and you cancell your direct debit can that cause bad credit history any one with answers please.........


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    #2
    dudara
    Registered Users Posts: 33,518 ✭✭✭✭dudara


    Hi john p o shea, I've moved your post from the original thread, to its own thread in Banking & Insurance & Pensions. I feel that this is more relevant for it.

    dudara


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    #3
    dobsdave
    Closed Accounts Posts: 1,814 ✭✭✭dobsdave


    john p o shea wrote: »
    just wondering if you have say sky or eircom that comes out of your bank by direct debit and you cancell your direct debit can that cause bad credit history any one with answers please.........

    Direct debit is only a method of payment, cancelling that in itself wont matter.
    Obviously not paying what you owe may lead to debt collectors etc eventually with non payment.
    As far as I know, not paying certain utilities can put you on a blacklist which would affect opening further utility accounts.
    If you are talking about your credit record with ICB, then they have a list of companies that are members that can post non payments to your record.
    ICB.ie


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    #4
    DYLF
    Registered Users Posts: 320 ✭✭DYLF


    AFAIK eircom phone companies etc do not affect your credit rating. on the ICB website it gives a list of who they receive reports from. the vast majority of it is banks and credit unions.


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    #5
    harrymagina
    Banned (with Prison Access) Posts: 126 ✭✭harrymagina


    Wot happens if they bring you to court and win?


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    #6
    TrishSimon
    Closed Accounts Posts: 206 ✭✭TrishSimon


    john p o shea wrote: »
    just wondering if you have say sky or eircom that comes out of your bank by direct debit and you cancell your direct debit can that cause bad credit history any one with answers please.........

    It all depends on whether they are a customer of ICB if they are and you default and dont pay then yes it will go on record but if they are not a customer of ICB then it wont appear anywhere you can go onto the ICB page and see an A-Z of their customer.


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    #7
    john p o shea
    Closed Accounts Posts: 16 ✭john p o shea


    ok thanks for the info great help


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