Under paid credit card in error

ardaly1983

Hi, new to this please go easy.

I paid my credit card bill on time but in error I underpaid by £3.00!!, I corrected this the following month but having just checked my credit file I now have a 'late payment' on record.

I have never missed a payment or under paid in the past and I'm worried that it will have a terrible effect if I come to apply for credit again.

Should MBNA have registered a late payment even though I did make payment? could I dispute it?

What effects will this mark have on my ability to obtain credit?

Thanks for any help.

YorkshireBoy

ardaly1983 wrote: »

Should MBNA have registered a late payment even though I did make payment?

They haven't registered a "late payment". They've told the CRA(s) that your payments "are not up to date"...which of course is a true reflection of your account.


For future reference, if you're numerically dyslexic (or just lazy/rushed/stressed!), direct debit might be the way to go since that puts the onus on the lender to do the sums.

could I dispute it?

No, but you could ask for some goodwill on the £12 fee. They won't remove the marker though.

What effects will this mark have on my ability to obtain credit?

On an otherwise impeccable payment record, very little...at least in the medium to long term.

Aquamania

ardaly1983 wrote: »

Hi, new to this please go easy.

I paid my credit card bill on time but in error I underpaid by £3.00!!, I corrected this the following month but having just checked my credit file I now have a 'late payment' on record.

I have never missed a payment or under paid in the past and I'm worried that it will have a terrible effect if I come to apply for credit again.

Should MBNA have registered a late payment even though I did make payment? could I dispute it?

What effects will this mark have on my ability to obtain credit?

Thanks for any help.

As long as you paid at least the minimum due by the due date then you should not have a 'late payment' lodged against you.

I suggest you contact the credit card company to understand their point of view.

reclusive46

I doubt missing one payment will scare off any lenders (Especially 6 months down the road).

mattyprice4004

By your logic I could pay £1.00 on my ~£60.00 bill, and then claim I accidentally underpaid.

You made a mistake, and they will report it as underpaid. It's a useful lesson to learn from.