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Does this impact my credit score?
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nick1234
Posts: 303 Forumite


in Credit cards
Hi i opened an amazon mastercard recently and did not realise this defaulted as my main payment method on my account
so i had spent £66 and had a £5 minimum payment due on the cc yesterday which i forgot to pay, however i have paid the full balance today and removed this cc from my amazon account
but does this missed payment by a day effect my credit score?
so i had spent £66 and had a £5 minimum payment due on the cc yesterday which i forgot to pay, however i have paid the full balance today and removed this cc from my amazon account
but does this missed payment by a day effect my credit score?
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Comments
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Probably, but that's not important.
You need to check to see whether it has been marked as a late payment. It may take a few weeks to appear.
You could be proactive and phone and apologize and see if they can do anything.0 -
It could get reported to your credit credit, technically it should but you might get lucky depending how often NewDay report to the CRAs.
You don't have a score so don't worry about the meaningless number you've been shown. 1 late payment on an otherwise well managed credit record isn't a massive deal and some lenders may even view it as a positive (i.e. a chance for them to make money from you).
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WillPS said:It could get reported to your credit credit, technically it should but you might get lucky depending how often NewDay report to the CRAs.
You don't have a score so don't worry about the meaningless number you've been shown. 1 late payment on an otherwise well managed credit record isn't a massive deal and some lenders may even view it as a positive (i.e. a chance for them to make money from you).
Lenders don't make decisions on giving credit on the basis that a customer making a late payment is attractive because they might make some money, they make money from all customer use of the card through merchant fees - the 1.75% interchange fee
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