Bad Credit

  • puttputt

    Posts: 254

    Nov 26, 2008 12:36 PM GMT
    Apparently, I have a "seriously delinquent" account with my gas company because I haven't been paying my gas bills for about 5-6 months. However, this was mainly in part of a misunderstanding between me and my landlord (I thought gas was included in rent and just found out recently that it is not). How badly will this damage my credit even if I pay this off right away? I'm a little worried since I was planning on moving to a new apartment in April...
  • Sparkycat

    Posts: 1064

    Nov 26, 2008 4:08 PM GMT
    Call the gas company and ask if they report to the major credit report companies. I doubt they do. But, if your account has been turned over to a collection agency your credit rating has been affected.



    Vlas saidApparently, I have a "seriously delinquent" account with my gas company because I haven't been paying my gas bills for about 5-6 months. However, this was mainly in part of a misunderstanding between me and my landlord (I thought gas was included in rent and just found out recently that it is not). How badly will this damage my credit even if I pay this off right away? I'm a little worried since I was planning on moving to a new apartment in April...
  • cowboyathlete

    Posts: 1346

    Nov 26, 2008 4:11 PM GMT
    Your credit rating is affected by many factors. If this is your only delinquent bill, it probably will not affect you as much as multiple delinquent bills (in which case no one in their right mind would give you credit).
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    Nov 26, 2008 4:20 PM GMT
    Yeah, contact the gas company, find out if you've gone to collection or been otherwise reported to credit agencies. And explain this was unintentional, due to an innocent lease misunderstanding.

    If the person on the phone isn't empowered to help you (as they often aren't), request to speak with one of their resolution experts (or whatever local name the company uses for that function). Most utilities have specialists in their organization who can evaluate & resolve such problems.

    If they don't, then request to speak with a residential accounts executive. That's a job my ex-BF holds with one of the largest power companies in the US (only he deals with commercial accounts), and he can make any problem go away, if he chooses.
  • Enderby

    Posts: 24

    Nov 26, 2008 4:21 PM GMT
    COLORED TEXT GOES HERERESIZED TEXT GOES HERE

    This happened to me with my cable company. I moved out and never cancelled my service. Then they had no way of billing me. OOPS!

    Basically, they did end up reporting it to the credit agencies (3 of them) and it hurt my credit a lot. However, it helped bring my credit back to normal when I paid the accounts off.

    I would start by getting a credit report for free (they have to give you one for free) from freecreditreport.com or similar sites. I would see if it shows up. Then I would call the gas company and speak to them. No matter what, I would write a letter to the credit agencies and dispute the charge. Do a google search for this...you can learn how. I would then see what happens. If you are not successful, then just pay it off and hope for the best. If you do pay it off, make sure that they notify the credit agency that you did.

    Best of luck to you. I know it sucks big time to have this happen. But if you stick to it and follow through properly, you can either fix it or mitigate most of the damage!

    C