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  • FIRST POST
    • HoneyBunny79
    • By HoneyBunny79 8th Jan 18, 2:15 PM
    • 3Posts
    • 0Thanks
    HoneyBunny79
    Over my credit limit, how long until off my credit report???
    • #1
    • 8th Jan 18, 2:15 PM
    Over my credit limit, how long until off my credit report??? 8th Jan 18 at 2:15 PM
    Any advice would be much appreciated please.

    Iíve struggled financially while on my maternity leave and I have now gone back to work as we canít manage any longer.

    I have twice exceeded my credit limit on my credit card, due to the added interest charges. Iíve never missed a payment.

    Clear score have just advised me that this has been notified to them and will now appear on my credit score.

    I have never had anything like this before and I understand that that this is not good. How long is this going to affect me for? Will I no longer be able to get a 0% rate or a loan in the future?

    Iím so confused. We are starting to pay back the credit card debt now that Iím back at work but this just makes me feel like Iím in an even bigger financial hole than I originally thought !!!128553;I was expecting to be back on track financially in about 3 years and just wanted to treat the debt like a car loan (which I donít have) so I was not feeling too panicked, but now I just feel awful !!!128563;

    Thanks in advace.
Page 1
    • zx81
    • By zx81 8th Jan 18, 2:18 PM
    • 17,284 Posts
    • 18,395 Thanks
    zx81
    • #2
    • 8th Jan 18, 2:18 PM
    • #2
    • 8th Jan 18, 2:18 PM
    It depends on the lender. But two overlimits isn't good.

    The impact will diminish over time, but make sure you use eligibility checkers before jumping into applications.

    In the meantime, set up DDs for at least the minimum.
    • HoneyBunny79
    • By HoneyBunny79 8th Jan 18, 2:27 PM
    • 3 Posts
    • 0 Thanks
    HoneyBunny79
    • #3
    • 8th Jan 18, 2:27 PM
    • #3
    • 8th Jan 18, 2:27 PM
    Thank you for your reply

    I have always paid the minimum, I think I naively didn!!!8217;t realise that this wouldn!!!8217;t be calculated to take account of the interest that the card issuer themselves was adding
    • Gary_Dexter
    • By Gary_Dexter 8th Jan 18, 2:36 PM
    • 1,328 Posts
    • 772 Thanks
    Gary_Dexter
    • #4
    • 8th Jan 18, 2:36 PM
    • #4
    • 8th Jan 18, 2:36 PM
    Ignore your score as well since it's fictitious and no one sees it.

    Any late payment or over limit markers remain on your records for 6 years
    • HoneyBunny79
    • By HoneyBunny79 8th Jan 18, 7:45 PM
    • 3 Posts
    • 0 Thanks
    HoneyBunny79
    • #5
    • 8th Jan 18, 7:45 PM
    Thanks
    • #5
    • 8th Jan 18, 7:45 PM
    Not good but Iíll just have to suck it up
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