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When is a late payment recorded as late?
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If a DD fails, companies usually try again within 7 working days, I would assume the same grace period applies to other payment methods too.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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Whilst everyone raves about setting up direct debits to pay their credit cards - not everyone is paying the bill from one source. I have three credit cards, paid from two different sources.. sole and joint accounts. A DD from one account would not work in my situation.
I have a direct debit set up to pay the minimum payment, that way I never miss a payment. I log on around the time every month and pay off the full amount manually.0 -
sourcrates wrote: »If a DD fails, companies usually try again within 7 working days, I would assume the same grace period applies to other payment methods too.
That's not a grace period.0
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