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Declined Credit Cards. Credit report Late Payments
bubbaspaarx
Posts: 19 Forumite
in Credit cards
Hi there. Been trying to apply for a credit card today but got two declines so stopped trying and had a look at my credit report via Equifax.
Turns out I had 4 late payments registered for an unpaid bill at the end of a lease agreement for my car. I got rid of the car and went travelling only to find that I had a mileage bill that needed paying. Couldn't pay by Credit card so had to get my mum to pay it. unfortunately... she forgot. and because the car company had the wrong address, I never got the reminder letters. Months went by until I got a call in Thailand from them asking for payment or they would escalate the claim, to which my mum immediately paid and settled the account. Checked the report and it has the late payments showing, account is settled but the rest of my report is top notch.
so... are these credit card companies declining me cards based on a first time offence on late payments? if so... what am I supposed to do? If i can't get another credit card, i am stuffed.
Turns out I had 4 late payments registered for an unpaid bill at the end of a lease agreement for my car. I got rid of the car and went travelling only to find that I had a mileage bill that needed paying. Couldn't pay by Credit card so had to get my mum to pay it. unfortunately... she forgot. and because the car company had the wrong address, I never got the reminder letters. Months went by until I got a call in Thailand from them asking for payment or they would escalate the claim, to which my mum immediately paid and settled the account. Checked the report and it has the late payments showing, account is settled but the rest of my report is top notch.
so... are these credit card companies declining me cards based on a first time offence on late payments? if so... what am I supposed to do? If i can't get another credit card, i am stuffed.
A wise man once said "go to moneysavingexpert.com" :money:
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Comments
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As it took so long for you to resolve the query it will unfortunatly impact your file.
Just wait it out a year and you should be able to get the decent cards again0 -
Where are you based now?
What income do you have? and what limits/outstanding balances do you have and finally do you have any other debt?0 -
Hi there,
Am now based back in the UK and have a job earning £22k. I have three credit cards with about £12,000 in debt. 2 are 0% and 1 is a HSBC standard card that needs transferring to a 0% asap. I also have a wedding coming up and the suppliers don't accept buttons or chocolate as payment. Not in a good place right now.A wise man once said "go to moneysavingexpert.com" :money:0 -
Not what you want to hear - but you are already in debt to the tune of 55% of you annual salary. That in itself looks bad to potential creditors. Throw in the late payment markers and you are out of luck.0
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Funny you said that. I found myself in Thailand this afternoon and paid off a couple of CCs. This internet thing is damned useful!0
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