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>> "At that point it's likely your credit is already ruined though... which is a whole different topic to broach." In the UK at least getting passed to a debt
by k-mcgrady 10y ago
>> "At that point it's likely your credit is already ruined though... which is a whole different topic to broach."
In the UK at least getting passed to a debt collector should have no impact on your credit score. It's when they decide to go further and recoup it through court that you start to get hurt. This is my experience at least. It makes sense as I know many people who have been passed to debt collectors for debts they didn't owe so it would be a mess if that effected their credit.
- jdmichal 10y agoIt doesn't matter in the US either. What matters here is days late. Anything over 30 days gets noted under the credit line, and will stick around there for a couple years or so. Unsure what happens to the mark once the debt is settled.
- awesomerobot 10y agoAfter it's passed to collections you can't do much, it's too late. A "couple years" is 7 years. The US credit industry is absurd.