will missed payments show on credit report?

amandak

i cant pay my debts. ive had this c card 15 years and for some reason its nevr showed up on my credit report. last checked last year
but now i cant pay and i missed a payment im paying smaller amount that was agreed by c card company for six months
will it now show up on my credit report?

bottleofred

Hi amanda,

It is bound to be on your credit file somewhere. If the amount you have agreed with the credit card company is below the minimum payment they may issue a notice of default. Before they do this though, they will send you a letter giving you 14 days to sort it out. If they do go for the default option this will stay on your credit file for 6 years and will affect your ability to get credit.

YorkshireBoy

bottleofred wrote: »

It is bound to be on your credit file somewhere.

It was opened pre-1998 (when the DPA was revamped) so won't necessarily show...yet!!

From reading the OP's other posts it's a HSBC card. Like Yorkshire Bank (in my case), HSBC may only report negative account conduct, ie not 'white data', on accounts opened before 1998.

bottleofred

YorkshireBoy wrote: »

It was opened pre-1998 (when the DPA was revamped) so won't necessarily show...yet!!

From reading the OP's other posts it's a HSBC card. Like Yorkshire Bank (in my case), HSBC may only report negative account conduct, ie not 'white data', on accounts opened before 1998.

Thanks for info Yorkshireboy. I had never heard of this before and think it's a bit unfair that they don't show a good repayment history, but are quick to punish when things go wrong.

YorkshireBoy

bottleofred wrote: »

...think it's a bit unfair that they don't show a good repayment history...

It works both ways. I have £8K of available credit on my Yorkshire Bank credit card, and a £4K overdraft facility on my current account, that no other lender knows about.

amandak

yes it was 1991 nothing i have done with this card has ever shown up
so does that mean it never will even if i have defaults?