Car PCP Agreement - Payment On Weekend

jamieb3009_2

Good Afternoon,  

I have recently taken out a PCP agreement to pay for a new car.  My first payment was due today, Saturday 9th October.  When logging onto my internet banking to check if this payment has gone, the money has not been taken.  I have then logged onto my finance providers website account and it it showing that I have a missed payment highlighted in red.  I have checked my direct debit details for the bank account the money is to be taken from and they are all correct and there is more than enough money in the account to cover this! I have tried contacting the finance provider but their offices are closed.  Is this normal for payments not to be taken on the weekend and will this be taken on Monday?  There is an option for me to make another payment on the website which i am not sure if i need to or not? I have had no email communication to say payment cant be taken.  I am worried this will affect my credit score as it is shown as a missed payment?

This is my first PCP so does anyone know if this is the case?

Thanks,

Jamie.

Thrugelmir

Weekends nor Bank Holidays aren't banking days. Where direct debits fall due on these days. There'll be taken on the next working day, so Monday on this occasion. 

The_Fat_Controller

Have you had confirmation from the finance company that your DD has been set up and when the first payment will be taken ?

jamieb3009_2

Yes, everything has been confirmed and set up. Having read a little more on the internet it appears quite common, although i do not want a late payment going on my credit file...

jamieb3009_2

Further to this, i have looked on my internet banking app and the direct debit is shown on the list.  it also shows a last payment date of yesterday (8th October), yet the payment hasnt left my account.  The payment value is a few hundred pounds, yet the available balance is showing well above this and i have made other payments since without issue.

The_Fat_Controller

I think you'll have to wait until close of business on Monday to see how it pans out.

Edi81

Whilst people may think we live in a 24/7 society banking is most definitely not. 

If payments are due on a weekend they will be taken the next working day. 

Don’t stress about it. 

The_Fat_Controller

@jamieb3009_2 do tell us what happened please.