Credit scores: when a small debt becomes a big problem
Could a long-forgotten iPad increase the cost of a listener’s mortgage?
Money Clinic with Claer Barrett · Financial Times
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Show Notes
Back in 2010, Money Clinic listener Kalyan bought an iPad with a monthly 3G subscription. Thirteen years later, that long-forgotten purchase might stop him from getting a decent rate on his mortgage. It’s a story that shines a light on how credit rating agencies score you and how things can easily go wrong. Host Claer Barrett hears from Sara Williams, who runs Debt Camel, a blog and popular Instagram account, as well as James Jones, head of consumer affairs at Experian, one of the UK's main credit reference agencies.
Want more? Free links:
UK watchdog calls for reform of credit rating market
How to improve your credit score
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Presented by Claer Barrett. Produced by Philippa Goodrich. Our executive producer is Manuela Saragosa. Sound design is by Breen Turner, with original music from Metaphor Music.
Read a transcript of this episode on FT.com
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