I applied for a laptop on credit at Dixons, and the assistant at the shop made me sign paperwork and I walked out the shop with it. Later I found out finance is only avalible to people 18 and over, I also took out a mobile phone on contract over the internet and again, it clearly states you have to be over 18? If I was to loose my job and couldn't pay these back, would I have bad credit?
But if my date of birth says i'm 18 on my credit for these things, and then when I am 18 and go to apply for credit, theres going to be 2 different date of births??

if you borrow money and dont repay, that will ruin your credit.

best thing to do now at your age, dont borrow money, ever. for anything. then debt will never be a problem.

pay cash for stuff, or do without it.

This is a difficult situation. You should not have entered into the contract, knowing that you are not 18, technically you have committed fraud. However, its also down to the lender as well as they shouldn't have given you credit.

It is likely that the contract is non enforceable, however if you stop paying it could lead to all sorts of problems for you, as you shouldn't have signed the contract, and are old enough to be responsible for your actions.

I think the best thing is to keep quiet, and to make sure that you make every single payment until the contracts end. When you are 18 you can correct your date of birth, and say that the credit reference agency made a mistake.

In a way you should have a head start in the credit world, as you will already have a credit history of making payments.

To anyone else reading this who is thinking of doing the same thing - DONT!

However, in this case everything should work out as long as you keep up with the payments. If you let them slide, then it will come out that you knowingly comitted fraud, and could be investigated by the police and it would also go on your credit record damaging it for a long time!

(The reason why you have committed fraud is that every contact has small print saying that you are over 18, and that all the info you gave is true to the best of your knowledge. You may not have read it, but it will definately have been there. Signing the contract means you have agreed to this, and consequently lied).

The main thing is that you do not do this again! Wait till your 18 or you could end up in a lot of trouble.

This is a difficult situation. You should not have entered into the contract, knowing that you are not 18, technically you have committed fraud. However, its also down to the lender as well as they shouldn't have given you credit.

It is likely that the contract is non enforceable, however if you stop paying it could lead to all sorts of problems for you, as you shouldn't have signed the contract, and are old enough to be responsible for your actions.

I think the best thing is to keep quiet, and to make sure that you make every single payment until the contracts end. When you are 18 you can correct your date of birth, and say that the credit reference agency made a mistake.

In a way you should have a head start in the credit world, as you will already have a credit history of making payments.

To anyone else reading this who is thinking of doing the same thing - DONT!

However, in this case everything should work out as long as you keep up with the payments. If you let them slide, then it will come out that you knowingly comitted fraud, and could be investigated by the police and it would also go on your credit record damaging it for a long time!

(The reason why you have committed fraud is that every contact has small print saying that you are over 18, and that all the info you gave is true to the best of your knowledge. You may not have read it, but it will definately have been there. Signing the contract means you have agreed to this, and consequently lied).

The main thing is that you do not do this again! Wait till your 18 or you could end up in a lot of trouble.

Worse than bad credit, you could be prosecuted for fraud. What part of "must be at least 18" is confusing to you?

Worse than bad credit, you could be prosecuted for fraud. What part of "must be at least 18" is confusing to you?

Yes, they will state that you knowingly took out the credit even though you were too young - in fact you could even be done for fraud!! - make sure you pay it back !!