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Credit Rating Query

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  • 17-02-2011 1:49pm
    #1
    CoalBucket
    Closed Accounts Posts: 971 ✭✭✭


    Does missing a payment on a loan but then paying it affect your credit rating?

    A couple of months back the bank took a payment for car finance from my account and brought me slightly into the red. A day later because I was in the red they relodged the payment to my account. I didn't notice this for a couple of weeks until i recieved a letter stating that I missed a payment.

    At that time another payment was due which was taken from my account but I didn't have enough to cover the missed payment too. It took me a week or two to put the cash together and I payed what was outstanding and have made the payments since. I have never missed a payment in various loans over 10 years or so.

    Does this affect my credit rating ?


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    #2
    BuffyBot
    Registered Users Posts: 24,924 ✭✭✭✭BuffyBot


    Generally an occasional missed payment won't effect your credit rating with the ICB. You can always request a copy of your credit report for a few Euros at www.icb.ie

    Of course, if you apply for any other further products with the same provider, they'll see it and it may impact their desicion, but that's different.


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