Missed full payment - credit rating impact?

in Credit cards
2 replies 253 views
scottyleicsscottyleics Forumite
10 Posts
Part of the Furniture First Post Combo Breaker
Hey all,

Due to a complete lapse on my part, I only paid the contractual minimum on my main credit cad last month.

The £38 interest bill I know cannot be refunded as it was my mistake and I will learn from it to setup a direct debit.

My question is, how much of a hit will my credit rating be from this?

I have about 2 years of using ~£1000 /month and paying in full. But July will show a £2000 balance and £50 paid. I have just paid it back down to £0 a few minutes ago.

I ask as I am planning to buy my first house within the next 6 months.

Thanks in advance,


  • grumblergrumbler Forumite
    56.9K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic

    My question is, how much of a hit will my credit rating be from this?

    Very little, if any.
    We are born naked, wet and hungry...Then things get worse. :(

    .withdrawal, NOT withdrawel ..bear with me, NOT bare with me
    .definitely, NOT definately ......separate, NOT seperate
    should have, NOT should of
    .....guaranteed, NOT guarenteed
  • cymruchriscymruchris Forumite
    4K Posts
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Agree with the above - it wasn't a 'missed' payment as such. You met your contractual obligation, so you'll get your little green tick/square/positive mark on your credit history as usual. Your utilisation will be a little higher than normal for one month, but that's not going to impact anything in reference a mortgage application a few months down the line. 
    An ex-bankrupt on a journey of recovery. Feel free to send me a DM reference credit building credit cards from the usual suspects :) Happy to help others going through what I've been through!
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