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Late payment, will this affect my credit score?

(6 Posts)
Madratlady Wed 02-Apr-14 11:30:07

A loan payment ended up being a day late due to the direct debit getting returned because there wasn't enough money in my account. Will this affect my credit rating and stop me getting a mortgage in the future?

126sticks Wed 02-Apr-14 11:51:01

I dont know so I am bumping this for you.
If you wanted a quicker answer, you may get more replies in chat.

ilovepowerhoop Wed 02-Apr-14 11:51:35

I wouldnt have thought so

OnGoldenPond Wed 02-Apr-14 11:53:36

As far as I know a payment needs to be at least one month overdue before a report of arrears would be sent to your credit file. This is to allow for situations such as yours.

126sticks Wed 02-Apr-14 14:03:22

everydaylife.globalpost.com/quickly-banks-report-late-mortgage-payments-credit-bureaus-28606.html

hth

Madratlady Wed 02-Apr-14 16:38:51

Thank you smile

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