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Missed my first credit card payment, have i now messed up my credit rating?
trinidadone
Posts: 3,377 Forumite
in Credit cards
I am currently paying the min payment on my credit card, unfortunately the payment was missed. I have since set up a monthly minimum payment by direct debit, and paid the missed payment, but have i now affected my credit rating?
Trinidad - I have a number of needs. Don't shoot me down if i get something wrong!!
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You have affected your credit file and your credit history.
The fictitious rating or score will probably say the same (as it!!!8217;s made up!)0 -
Possibly your credit history. But only for the short term. Keep an eye on your credit reports.
I'd recommend setting up a standing order or Bill payment for £1 a month in addition to the direct debit to ensure you're not shown as a minimum payer. Make sure the timing won't affect the direct debit collection.0 -
You have affected your credit file and your credit history.
The fictitious rating or score will probably say the same (as it!!!8217;s made up!)
when you say "affected" what does that actually mean? whats the difference between a credit file and a credit history?Trinidad - I have a number of needs. Don't shoot me down if i get something wrong!!0 -
PeacefulWaters wrote: »Possibly your credit history. But only for the short term. Keep an eye on your credit reports.
I'd recommend setting up a standing order or Bill payment for £1 a month in addition to the direct debit to ensure you're not shown as a minimum payer. Make sure the timing won't affect the direct debit collection.
Thanks, i have paid April and may min payment on the phone with my debit card, so the DD should start in June.
possibly affected??? when you say a short term, what time we talking about?Trinidad - I have a number of needs. Don't shoot me down if i get something wrong!!0 -
Does the card have a 0% introductory offer? If it does, you might want to check they haven't cancelled it and are now charging you interest.0
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trinidadone wrote: »when you say "affected" what does that actually mean? whats the difference between a credit file and a credit history?
Credit files contain your credit history. They show how you have managed your accounts.
Credit scores and ratings are made up numbers to entertain the sort of people who read their horoscopes.0 -
YorkshireBoy wrote: »Does the card have a 0% introductory offer? If it does, you might want to check they haven't cancelled it and are now charging you interest.
Yes the card has a 25 month 0% introductory offer.
Surely the credit card company would need to tell me first if the 0% offer was withdrawn?? I have maxed out the cardTrinidad - I have a number of needs. Don't shoot me down if i get something wrong!!0 -
trinidadone wrote: »Yes the card has a 25 month 0% introductory offer.
Surely the credit card company would need to tell me first if the 0% offer was withdrawn?? I have maxed out the card
Leave nothing to chance and ring them. Good luck!0 -
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They will have told you in the T&Cs what would happen if you breached the T&Cs.trinidadone wrote: »Yes the card has a 25 month 0% introductory offer.
Surely the credit card company would need to tell me first if the 0% offer was withdrawn?? I have maxed out the card
Normally you'd incur interest from the beginning of the statement period in which the breach occurred, but I seem to remember one of my card providers has written to me saying the promotional rate will be removed from the start of the next statement period from now on.
As I say, you need to ask them and/or get on with BTing the debt elsewhere ASAP.0
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