From: Mark 
Newsgroups: uk.finance uk.legal
Subject: Re: Credit Cards/Chip and Pin/ATM withdrawls
Date: Thu, 15 Dec 2005 13:56:00 +0000

On Thu, 15 Dec 2005 13:25:28 +0000 (UTC), "Tim"  wrote:

>> >"Mark" wrote
>> >> I would imagine that most banks would assume
>> >> you are negligent until you somehow satisfy them
>> >> that is not.  It would mean less work for them.
>> >
>> "Tim" wrote:
>> >Nah - it would mean a whole lot *more* work for them!
>> >You refuse to pay the unauthorised charges on the credit card
>> >statement.  To get anything, the credit card company would need to
>> >take you to court.  Then they need to prove that you were negligent....
>>
>"Mark" wrote
>> They may just add additional charges and interest for non payment.
>
>Which they would also have to take you to court, and win, to get.
>
>"Mark" wrote
>> I'm sure your credit rating would suffer whatever the outcome.
>
>If they get awkward with the CRA's, then add a NOC to each.

I have observed how fragile credit ratings can be.  A friend of mine
was refused a loan for a car.  It turns out that this was because
someone who used to live at the same address (rented flat) had not
paid a bill several years before.  The matter was eventually resolved
but my friend lost out on that purchase.

>Any prospective credit provider worth its salt would look at the 20-30
>perfect credit a/c's, read the NOC about the one rogue a/c, and accept the
>reasons...

What's a "NOC"?

Mark