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How bad is one late payment?

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My partner and I are planning to start the mortgage process in a few months. I have a pretty spotless credit history, but my partner made a late payment on a card a couple of months ago. He paid it as soon as he realised - it was silly absent-mindedness that caused it - which was a day or two later.

As far as I am aware this is the only late payment. How much of an issue is this likely to be?

Comments

  • gazman100
    gazman100 Posts: 180 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I would doubt it would have any effect at all, especially if you otherwise show a history of having and paying for credit.

    Besides there's not much you can do about it now, apart from abandoning any plans to purchase a house over a 2 day late repayment. Just forget about it and set up a direct debit to cover at least the minimum in future.
  • Lauren555_2
    Lauren555_2 Posts: 21 Forumite
    Good point! He has now set up a direct debit, so it won't happen again. Good to know though. he was feeling very guilty about it.
  • The_Boss
    The_Boss Posts: 5,856 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Do you know if it was reported late on his credit files? It may not have been given that it was a late payment rather than a missed payment?
  • Not sure yet - he's tried to get his credit report from Experian, but he has to wait for a PIN to be sent to him in the post (not sure why, as I didn't).
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