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Loan - one missed payment....ICB affected?

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  • 24-08-2008 2:28am
    #1
    steo87
    Closed Accounts Posts: 510 ✭✭✭


    Hi,

    Just a quick question with regard to a student loan.

    I received a letter from the bank stating:
    "...maybe you are unaware that your current account has been overdrawn in excess of the sanctioned limit...[please lodge to the account]....unpaids on your account can affect your credit rating....."

    Basically, I have a Direct Debit from my current to my loan account, to pay for the weekly loan repayments.....the above letter was sent due to the fact that I had not got the funds in my current account........I lodged the funds for the loan repayments two days after receipt of the letter - would my credit rating have been affected during this time, and because of this letter being sent to me?

    Thanks!

    Ste


Comments

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    #2
    fifth
    Registered Users Posts: 3,135 ✭✭✭fifth


    This happened me before and (i never checked my report) but I work in that industry... and plus I obtained credit afterwards - even though my report was checked.. no problems.. Would check report to be safe.


  • Options
    #3
    steo87
    Closed Accounts Posts: 510 ✭✭✭steo87


    Cool, thanks for the reply, I'll check my rating (it costs like 6 quid tho!)


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    #4
    Firetrap
    Closed Accounts Posts: 4,442 ✭✭✭Firetrap


    That happened to me a couple of years ago (I got caught when the DD came in early) but it didn't affect my credit rating. Generally speaking the bank will make another attempt to take the loan repayment out of your account fairly soon afterwards - once that goes through without a hitch you should be fine.

    Of course every bank is different and you can't be certain that it hasn't gone onto your record. I think €6 is a small price to pay for putting your mind at ease re. your credit rating. It just about buys you a pint these days.


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