Not paying off Credit Card before interest free period runs out!

mills.123

As i'm sure you can relate, my Credit Card has run away with me this year and despite paying off a large amount each month as a direct debit, i'm not going to be able to pay off the balance before the interest free period runs out.



Is this going to affect my credit score?


Is it bad on paper that i can't pay it off in time?

DCFC79

mills.123 wrote: »

As i'm sure you can relate, my Credit Card has run away with me this year and despite paying off a large amount each month as a direct debit, i'm not going to be able to pay off the balance before the interest free period runs out.



Is this going to affect my credit score?


Is it bad on paper that i can't pay it off in time?

Remember your score is only seen by you only, lenders will see your credit history.

Willing2Learn

Don't worry about your score as lenders neither use or see it. They score you themselves against their criteria and policies using the data within your credit file added to the data you submit in an application.

Edit: It is looked at favourably by any potential lenders for you to be managing your credit accounts successfully. This is done by preferably paying in full each month, or at least more than the monthly minimum contractual requirement.

[Deleted User]

No it won’t affect your make believe score.

Either throw as much as you can at it to clear it or apply for a balance transfer card and transfer as much as you can off.

What is the limit and outstanding balance?