Problem with Credit File

Uncle_Fester_2

I recently missed a credit card payment, which was no fault of my own, some of my household mail was being delivered to a different address, Royal Mail have now corrected this, but I’ve got this missed payment registered on my Credit File.

How do I go about correcting this? Who do I contact?

Many Thanks

Conor_3

Factually, the file is correct. You missed a payment. You've had the card long enough to know when it is due so surely you should have twigged something was wrong?

Uncle_Fester_2

Conor wrote: »

You've had the card long enough to know when it is due so surely you should have twigged something was wrong?

I only had the card 2 months

CHR15

I wouldn't worry about one late payment. I would be more concerned about being charged for the late payment.

You could probably ring and explain to them and try to get the late charge reversed.

Uncle_Fester_2

My main concern is with my credit history, I've never missed a payment in 10 years

Conor_3

If that's the case, I'd not worry.

withabix

One missed payment won't have any effect on your credit rating.

Missed payments are only relevant if you have a series of them.

Most lenders look at recurrent problems - they accept that payments are missed occasionally.

Credit files show sequencial missed payments in the following way (based on CONSECUTIVE missed or inadequate/below minimum required payments:

Payment up to date
Up to one payment late
Up to two payments late
Up to three payments late
Up to four payments late
Up to five payments late
Up to six payments late
7-8+: The account is defaulted. You have failed to keep to your credit agreement and have not responded satisfactorily to requests to put your account in order. As a result the credit agreement has ended


They will generally ignore a few occurences of 1-2 missed payments in a 36 month period.

The next trigger level in credit files tends ro be the number of occurences of 3+ missed payments in a rolling 36 month period - these are the ones which will flag up and cause you creditworthiness issues.

Uncle_Fester_2

Al_Mac wrote: »

You can add notes to your credit file, to explain. But for one I wouldn't bother

Do you mean a 'Notice of Correction?'