Will a missed payment affect my credit rating much?

LittleG_3

I have a Virgin credit card that is nearly at the end of its 0% promotional rate. I have a balance on there that I'd like to transfer to another 0% card. Stupidly I was late with my payment last month and paid it a few days late, incurring a late payment fee. This is the only time I've ever missed a payment and my credit rating should be fine - I don't owe much apart from my mortgage and I always (apart from that one blip) pay on time. Will the missed payment make it harder for me to get a 0% card if I apply in the next month or so?

Thanks

[Deleted User]

one late payment shouldnt make any difference.

bouncydog1

You might also want to check whether the 0% offer has been withdrawn. If it has then call MBNA who underwrite the Virgin card and plead with them to reinstate.

MBNA offer deals to current cardholders on a regular basis so it is quite a good card to hold onto.

Dawning

I missed two late payments on two different cards for two consecutive months at the end of 2009 - my own fault so no complaints there. (Yes I now pay all by DD before anyone suggests!). Neither of these showed on my credit report and I successfully applied for two different cards a few months later.
That said, I've never ever missed a payment before and have always made at least minimum payments.

LittleG_3

Thanks all. I did lose my 0% offer, not complaining it's in the T&C, but just got accepted for the Barclaycard 17 month 0% offer so no problems. Needless to say I'll be paying by direct debit from now on!

chattychappy

Dawning wrote: »

(Yes I now pay all by DD before anyone suggests!).

LittleG wrote: »

Needless to say I'll be paying by direct debit from now on!

Are we getting to the point where people have to get these comments in quickly for fear of the "should sign a DD squad" pouncing?

lisyloo

for fear of the "should sign a DD squad" pouncing?

It sounds like good advice to me.
Is good advice banned now??

chattychappy

lisyloo wrote: »

It sounds like good advice to me.
Is good advice banned now??

But those quotes I gave are not advice... Of course nothing wrong with advice - whether it's good or not is a matter of opinion.

lisyloo

"should sign a DD" is good advice for people that miss payments.
You seem to be complaining ("pouncing") about people offering this advice, when it sounds entirely appropriate to me or have I got it wrong?

chattychappy

lisyloo wrote: »

I got it wrong?

Yes, you got it wrong, but I'll leave it there.

lisyloo

Why don't you help us/me out here??
I'm not trying to be picky or nasty, but get to the bottom of what you said.
If I don't understand it, then chances are others don't either.

Are you saying it's bad to pay by DD?