4 defaults for paying too early! Do I have a leg to stand on??

Buzby

Your CRA 'clarification' right is not to be relied upon. Usually because most checks are automated and any statement you place there will only be seen with a manual check - it's only there to make the data subject feel they can do something by having a right to reply - but it remains largely irrelevant in he real world.

You certainly do not have defaults - late payments are not ideal, but institutions have different policies, and some care more than others. However, as long as your subsequent payments are on time, the self-repair will be speedy. However your timeframe to pay leaves you no room for error, and things do go wrong, even with faster payments. Add at least 3-4 days minimum to protect yourself.

hula_girl

Thanks for the information everyone. I feel a tiny bit better knowing these are late payments as opposed to missed payments. The wording 'late default sum' I will also head over to the mortgage forum and see what they have to say. (Sorry for the delayed reply - it was DD's bath/bedtime.)

stclair - The lender is Virgin Money. I have made 5 SOs for a total that would cover the total debt (had things gone to plan) so hopefully the goodwill suggestion will work.

Buzby - With regards to subsequent payments and self repair, I only keep this card for the frequent promotional rates, so there won't be any more payments as such now I've paid this off. I have a cashback card for day to day purchases. Is it worth setting up a DD for the full amount and then using it once a month to build up an on time payment history?

rb10

Buzby wrote: »

Your CRA 'clarification' right is not to be relied upon. Usually because most checks are automated and any statement you place there will only be seen with a manual check - it's only there to make the data subject feel they can do something by having a right to reply - but it remains largely irrelevant in he real world.

Where a Notice of Correction exists on someone's credit file, any prospective lender is obliged to manually underwrite the case, and not use automated decisioning systems.

Whilst this does mean that any applications are likely to take longer, the NoC will be seen.

[Deleted User]

hula_girl wrote: »

Is it worth setting up a DD for the full amount and then using it once a month to build up an on time payment history?

An excellent idea.

hula_girl

Right, so I now have a 3 pronged (when do you ever get to use that word?!) plan of action:

- letter to the beardy one asking for his goodwill at Christmas (kind of) by way of an amendment of the info
- carefully worded NoC, if the above doesn't work
- use the dreaded card to buy chewing gum once a month and pay off with DD

Oh dear, all this could've been avoided if I'd followed the advice Martin always gives about setting up a DD. I've done it on my two cashback cards as well, so I do know better.

Eonel

Have you tried calling customer services, explaining the situation and how you have made a silly mistake. ( frame it as being your fault & be apologetic )

Anyone looking at your payment record will see it is just a mix-up. If you get a good Customer Srvices rep they may be able to correct it there & then.

hula_girl

Eonel wrote: »

Have you tried calling customer services, explaining the situation and how you have made a silly mistake. ( frame it as being your fault & be apologetic )

Anyone looking at your payment record will see it is just a mix-up. If you get a good Customer Srvices rep they may be able to correct it there & then.

Thanks, tried that first. Weren't interested as technically they were late - even though, as I explained, they were actually too early but their system didn't allow for that If it had just been one they could've done something but because it was 4 months they couldn't. That was my bad for not checking the online banking and assuming it was ok.

Polly05

sistafromanothermista wrote: »

They don't. It's either the min or full amount.
What you should do is set up DD for the min then set up a standing order for any overpayments. That way you won't get into trouble again.

I've just set up direct debits online for my new credit cards and im sure there were 3 options; minimum amount, full amount or a certain amount, which u choose...

unimaginative_user_name

Polly05 wrote: »

I've just set up direct debits online for my new credit cards and im sure there were 3 options; minimum amount, full amount or a certain amount, which u choose...

I think it depends on the card. Some only off minimum payment or full payment.