Missed Credit card payment appearing on ICB file

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Get N bet R

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Hi all, just wondering if a late payment to a credit card appears on your ICB file, I missed one pymt and was late with this months & I rang the cc company and they said something about this will probably appear on my ICB file - not too sure if this was a threat in oder to speed up pymt, however needless to say I gutted as I've never missed a payments on loans or mortgage before in my life & indeed have cleared various personal and car loans early. I have a good job & salary, just had a diffiicult couple of months with one thing after another & am just wondering if this will be a big blemish on my credit rating as I was hoping to change the car this summer and would be looking for a car loan then & hope this doesn't cause any probs. Many thanks.
 
Ìt probably wont appear. If it does its likely to be overlooked by lenders as you seem to have a good history. Remember they want to give you the car loan.

BTW - you can get a copy of your ICB report.
 
AFAIK MBNA are the only cc issuers who log monthly payments on cc's with the ICB - the other card issuers only record info. with ICB if you are a defaulter.
 
demoivre said:
AFAIK MBNA are the only cc issuers who log monthly payments on cc's with the ICB - the other card issuers only record info. with ICB if you are a defaulter.
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Correct. And only defaults from 2004 onwards AFAIK.
 
Thanks for responses, Well hopefully it doesn't, don't fancy anything going on my record for 5 years & if it does hopefully it's overlooked when car loan time comes up. Many thanks.
 
Get N bet R said:
hopefully it's overlooked when car loan time comes up.
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If you are repeatedly buying cards on credit then perhaps you would be better off saving towards this to reduce or obviate the need to borrow?
 
demoivre said:
AFAIK MBNA are the only cc issuers who log monthly payments on cc's with the ICB - the other card issuers only record info. with ICB if you are a defaulter.
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Tesco Personal Finance (Visa Card) also reports monthly payment history, balance and credit limit.
 
To prevent it happening again, have you considered setting up a standing order or direct debit to pay off in full (or a set amount) each month, so that you aren't hit with missed payment again (don't MBNA also charge you for late payments).
 
Justy said:
Ìt probably wont appear. If it does its likely to be overlooked by lenders as you seem to have a good history. Remember they want to give you the car loan.

BTW - you can get a copy of your ICB report.
Click to expand...

Where can i get a copy of my ICB report?
 
If you have one missed payment my information is if its only once and one card showing on your ICB and its at least 6 months old that you should be ok.

Most banks score internally from how you have handled your account they take into account salary how high it is-loans paid on time standing orders paid on time balance of account and so on.

Best i can tell you send statements in and that with your ICB and every question you answer on the application has a part on the laon being approved.
 
GE Money credit cards also report on ICB, through a standing order mix up I had an issue regarding missed payment appearing on ICB. When i phoned GE Money they agreed to write to ICB to have this corrected. I am due to phone ICB in next few days to see if the correction has been made.
 
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