What affects your credit report?

Hi guys

I'm new here and hoping someone might be able to shed some light.
Me and husband are about to apply for a mortgage together.
He has already had a mortgage for a house he sold and a spotless credit history however I had to apply for a credit report for the first time today and I'm kind of freaking out.

I have had a few loans in my past and all were paid off without any issue however I have a 500 euro credit card which I know I have missed payments on at least twice in the last 3 years (I paid it within a few days of noticing it)
I have no debt now at all. Everything is fully paid off but I'm so worried that we will be declined a mortgage because of me. I have saved consistently over the last 3 years and have raised our 20% deposit myself but im so annoyed at myself.

Does anyone know how many late payments affect your credit rating? Or how the report works?

Niamh

I wouldn't worry about the above Niamh. In the unlikely event that they do show up on your credit report they can easily be explained. It may be slightly more work to get a mortgage but as long as you have the required deposit, secure employment and a good saving history you should have no issue.

I believe a mortgage payment has to be 30 days overdue before is marked as a missed payment on the credit register so may be the same for credit cards.

See below from www.citizensInformation.ie

Credit cards and credit history The ICB records credit card repayment performance on a monthly basis but, due to the nature of credit cards, you also get an additional 30 days before any negative information about your performance is recorded.


So you've nothing to worry about.

Thank you all so much for your replies I should have posted here earlier because I had myself wound up into a right state today picturing myself divorced and homeless (perhaps I was being ever sp slightly dramatic)
I checked my credit card statements and the 2 late payments were a year apart and one was paid the day after the due date and the other was within 4 days of the payment due date so hopefully it won't affect my credit report too much.
Thanks again for your help this whole mortgage application thing is new to me and I'm very anxious about it.