Missed payments on defaulted credit cards

jones_guitar

Hi, If you are making token payments, and you miss a payment, does it impact your credit file? Say even if the default is 3k, 2.5 years old, with a token payment missed only?

Willing2Learn

Why don't you write to the creditor, advising them that you need to miss a single payment, asking for forbearance during the current (coronavirus) crisis... 

jones_guitar

I just reduced the token payment and was curious, token payments suit me :-) even if £1. It means I can just forget them until a settlement is reached.

D3xt3r5L4b

Did you ask to reduce the token payment and get it agreed?

sourcrates

Makes no difference what you do, the damage has already been done by not paying the contractual payments, so anything you do now won`t affect your file in any way, shape or form, as the account is either already defaulted, or marked as late payment.

Token payments may be marked as AP, arrangement to pay, or not, makes no difference.