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Over limit on Barclaycard
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forestboy1978
Posts: 5 Forumite
Hi guys,
basically I was near my limit on my credit card and over Christmas set it up to pay the minimum payment due to well, er, shopping.
Normally I pay in full but it was a tight month. Anyhow , not knowing how it works I assumed the min payment included interest etc.
What happened is the min payment came out but the interest pushed me over the limit as the statement was cut. i didn't notice for a few days at which point I paid it to bring it down below limit. Card is now fully paid off.
How badly will this effect my credit rating? Will it show as a payment problem?
Many thanks
basically I was near my limit on my credit card and over Christmas set it up to pay the minimum payment due to well, er, shopping.
Normally I pay in full but it was a tight month. Anyhow , not knowing how it works I assumed the min payment included interest etc.
What happened is the min payment came out but the interest pushed me over the limit as the statement was cut. i didn't notice for a few days at which point I paid it to bring it down below limit. Card is now fully paid off.
How badly will this effect my credit rating? Will it show as a payment problem?
Many thanks
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