Will this count as a missed payment?

playford

After going to uni as a mature student I ended up unemployed for a while afterwards and in a bit of a financial mess. I now work full time and have been working to pick up the pieces.

Anyway had a default on CC from capital one oct 2012, this was transferred to lowells and is now fully satisfied.

Since May 2012 no missed payments on anything.

I usually pay my bills from in branch banking but was quite ill last week and end result was me missing payment, due 2nd, paid 5th, so annoyed at myself (have now set up standing order).

This was 3 days late, will this be reported to my CRA? I am so annoyed, have been discussing a mortgage and was told 3 years away from 1 default and 3 wears with no missed payments and I should be good. I really dont want this to screw things up for me when I have made genuine steps to get out of debt and clear this mess up.

playford

It was a HSBC CC

GingerBob_3

playford wrote: »

After going to uni as a mature student I ended up unemployed for a while afterwards and in a bit of a financial mess. I now work full time and have been working to pick up the pieces.

Anyway had a default on CC from capital one oct 2012, this was transferred to lowells and is now fully satisfied.

Since May 2012 no missed payments on anything.

I usually pay my bills from in branch banking but was quite ill last week and end result was me missing payment, due 2nd, paid 5th, so annoyed at myself (have now set up standing order).

This was 3 days late, will this be reported to my CRA? I am so annoyed, have been discussing a mortgage and was told 3 years away from 1 default and 3 wears with no missed payments and I should be good. I really dont want this to screw things up for me when I have made genuine steps to get out of debt and clear this mess up.

It depends on what type of bill, or more precisely, the identity of the beneficiary. You'll need to know if the beneficiary is one of the increasing number who will smack you in the mouth with a late payment marker on the CRA's files about you, for a trivial oversight on your part. Who is the beneficiary?

Edit - you just answered my question. Yes, they will report this to the CRAs and even this single trivial matter is highly likely to stop you getting a mortgage at this stage. If you bank with HSBC - current account etc. - they may be willing to de-blacklist you, as it were. If they won't, you might consider moving your business, and tell them why you're doing so.

playford

Total nightmare, feels like years of work ruined for the sake of a bill now paid, 3 days late.

Argh!

Strummer22

playford wrote: »

Total nightmare, feels like years of work ruined for the sake of a bill now paid, 3 days late.

Argh!

If on your next credit card bill there is a late payment fee, that means they have not given you any leeway. When you see that, call (or write to, or go into branch and talk to) HSBC and explain how you've been a prompt payer up to this point, and you missed this one due to illness. This is definitely worth trying as many people have had success both with getting late fees returned and any black marks on the credit file removed.

playford

I have checked internet banking, £12 fee was applied on the 2nd Nov.

My only hope I think may be to call into HSBC in branch and grovel.

As I said May 2012 is my last missed payment, should have bloody set up a standing order months ago.

I wonder woud paying off the card help any?

playford

OK so had a nose around the internet and they are saying under 30 days they are unlikely to report (this includes experian blog). I had a look at noddle the first flag is 30 days late, now I was 3 days, so its clearly not 30 days late?

CKhalvashi

One late payment won't be the end of the world in 3 years anyway, so you've little to worry about.

YorkshireBoy

You keep talking of a standing order. That's not the best approach in my opinion, eg if your statement date moves there's the danger that you'll pay twice one month and not at all the next.


Much safer to set up a direct debit payment in my opinion, but for goodness sake be sure to read the statement and make a note to leave sufficient funds in the current account on the working day before the DD collection date.

Thrugelmir

playford wrote: »

Anyway had a default on CC from capital one oct 2012, this was transferred to lowells and is now fully satisfied.

Since May 2012 no missed payments on anything.

When did you settle the default though? As this may well influence a lenders decision.

playford

Default was settled fully last 12 months ago.

The due date is usually 2nd, so standing order for 29th, same bank acc so credits in hours.