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Best move for decent credit history?
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goldenify702
Posts: 1 Newbie
in Credit cards
Hi all,
I recently lost my 0% interest on a Tesco credit card due to a late payment. This was completely my error & I paid it a week late, in full.
Now besides my separate issue that I was not sent the text reminder alerts that I was set up to recieve. I am now wondering what the next best step to take would be.
Of course I have no personal desire to pay interest on any borrowing but, I am wondering what the smartest move re: credit score & my future is.
Previous to this I had always paid my balance on time & in full, & have had the card for 1 year. It is the only credit card I have ever had & I am 24 going on 25.
What would be the smartest step to take now? Should I carry on using the card & just pay the interest, close my account, look for another card?
Any advice would be appreciated, thank you
I recently lost my 0% interest on a Tesco credit card due to a late payment. This was completely my error & I paid it a week late, in full.
Now besides my separate issue that I was not sent the text reminder alerts that I was set up to recieve. I am now wondering what the next best step to take would be.
Of course I have no personal desire to pay interest on any borrowing but, I am wondering what the smartest move re: credit score & my future is.
Previous to this I had always paid my balance on time & in full, & have had the card for 1 year. It is the only credit card I have ever had & I am 24 going on 25.
What would be the smartest step to take now? Should I carry on using the card & just pay the interest, close my account, look for another card?
Any advice would be appreciated, thank you

0
Comments
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goldenify702 said:I am wondering what the smartest move re: credit score & my future is.
What you do have is a credit history and you cannot cheat the system. One late payment is not going to have much of a negative impact. Continue to run your finances responsible and you will be fine. Using your CC regularly ands clearing the full balance each month will add positively to your history.2 -
Would be worth a sob story to their customer services and ask nicely if they can restore it, assuming it wasn't your first payment and you missed that?2
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As per the previous comments, you can safely ignore your score as it has no bearing on how a lender will view you. I agree with Farfetch - a very polite and grovelling phone call can often see the promotional rate reinstated, sometimes even a refund of the late payment fee.It's probably too late to have the late payment marker "not reported", as it were. But an isolated incident in an otherwise well-managed history have have a tiny-to-zero impact.goldenify702 said:
What would be the smartest step to take now? Should I carry on using the card & just pay the interest, close my account, look for another card?Oh, and set up a Direct Debit to pay the full balance each month. That'll prevent the same thing happening again - especially if, for instance, you're away on holiday or just simply forget for some reason.1 -
Hi, I just wanted to pop up to agree that you should set up a direct debit. To clear the balance, if possible. I hate paying interest!
As Farfetch says, above, you could always phone them and try the sob story... it will only cost you a phone call and I have found it better asking for things like that on the phone, they can't see you etc., and wouldn't know you from Adam if they saw you in the street - so no embarrassment.
It's worth a try. And sometimes works.Please note - taken from the Forum Rules and amended for my own personal use (with thanks) : It is up to you to investigate, check, double-check and check yet again before you make any decisions or take any action based on any information you glean from any of my posts. Although I do carry out careful research before posting and never intend to mislead or supply out-of-date or incorrect information, please do not rely 100% on what you are reading. Verify everything in order to protect yourself as you are responsible for any action you consequently take.1 -
if you plan to move to another card I would do it sooner rather than later before the late payment marker goes on your file.
as above I would call them and ask for them to reinstate as good will first if was a genuine oversight.
failing that barclaycard / mbna have decent offers, use their eligibility checkers they will give an idea if they'll accept you or not1
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