Go over the limit - effect on my credit file ??

adindas

It just happened that I went over the limit of my credit card for a bot 5 days and I got fine of £12. This is the first time happen to me after having credit card of over ten years.

As soon as I realize it i did faster payment and just check it today, my FP went through it and I am now under the limit.

I am not worried about the fine and I paid it already but I am just worried about my credit file.

Do you think it will effect my credit file ?
If so What I could do to ratify it ....

thank you for your time

You-kip

No effect whatsoever on credit file.

May have issues with limit increases with your current lender.

[Deleted User]

AS far as I'm aware, if you are back under your limit by your statement date then it won't be reported to the CRAs so hopefully nothing to worry about.

pqrdef

Lenders like careless customers who pay them £12 fines. It's very profitable. Don't make too much of a habit of it though.

chattychappy

I know you're not worried about the £12 but personally I'd give them a call. Apologise for the blunder but point out that it was quickly rectified. Given this, their penalty is a tad disproportionate and perhaps they'd refund the £12 as a goodwill gesture.

dgtazzman

We had basically the same on our Halifax current account recently as we made a booboo when closing it, lady in the bank explained that it wouldn't effect our credit rating in any way as long as everything was back in order within 30 days after the next statement date. I assume credit cards will work in a similar fashion, so there will be a 'cooling off period' of sorts before it's flagged to the CRA's. Will probably just be a blip on the internal scoring.

InsideInsurance

Banks report once a month to the CRAs and effectively provide a point in time snapshot. If you are still over your limit at that point it will show your current balance and your approved limit and so others will be able to see you are over the limit.

As long as you've brought it within the limit at the point your bank does its CRA run then it will not show anything

adindas

Thanks again to all of you who has answered my queries.

Unfortunately due the the time when the O/D happened and the time where the statement was produced is very close. I have got my statement even thought I clear it withing five days.

Does it mean it will already effect my credit file ?

thanks again.

[Deleted User]

If the O/D is on your actual printed statement (either post or online) then, yes, it will be reported to the CRAs.

Don't worry about this too much though, a single over limit mark isn't that big a deal.