Virgin - Direct debit not taken to pay full balance

joolsybools

I recently started making small purchases on my credit card and set up a direct debit to clear the balance in full every month. This is supposedly good for my credit rating.

This is the second month of having it set up. Last month the payment was taken on the due day (a weekday).

My payment due date is today but the money has still not been taken from my bank. There is enough money there so not sure what the problem is.

I checked the statement and it says the money will be taken by direct debit on or after today's date. But if the money isn't taken till say Monday, isn't this going to cause a late payment and therefore a bad mark on my credit record?

I don't know if I should make another payment now just in case the DD does not go. Even so, I'm not sure that it would be credited to my CC account today.

Does anyone have any thoughts/experience of this?

reclusive46

joolsybools wrote: »

I recently started making small purchases on my credit card and set up a direct debit to clear the balance in full every month. This is supposedly good for my credit rating.

This is the second month of having it set up. Last month the payment was taken on the due day (a weekday).

My payment due date is today but the money has still not been taken from my bank. There is enough money there so not sure what the problem is.

I checked the statement and it says the money will be taken by direct debit on or after today's date. But if the money isn't taken till say Monday, isn't this going to cause a late payment and therefore a bad mark on my credit record?

I don't know if I should make another payment now just in case the DD does not go. Even so, I'm not sure that it would be credited to my CC account today.

Does anyone have any thoughts/experience of this?

Don't worry. Its because its a weekend, it'll come out on Monday. If you have a direct debit setup and the money in your account don't worry, you won't get any sort of late payment charges or marks. This is quite common. Its up to the company to take the money, not your problem.

joolsybools

Thanks, that's a relief!