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You Are Here: Home > Personal Finance > Credit Cards > FAQ > Question and answer
Credit Card Missed Monthly Payment

What effect on Credit Score - Can I get reimbursed
Last update : December 2011
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If you've got a history of late payment of bills, including Credit Card ones, you'll be digging a deeper hole by missing anymore payments.

Your credit rating will deteriorate further and you'll probably have a real problem getting accepted for any new credit.

However, if your bills normally always get paid on time then missing a payment every now and then will have almost no effect on your credit rating.

Can you reclaim late fees

Whenever you miss a monthly credit card payment you card will always charge a fee, usually around £12.

Some people report that as long as you haven't got a history of late paying there's a good chance your card company will refund it to you.

  • Phone them up
  • Be polite
  • Argue your case, and
  • I think you've got at least a 50-50 shot

However, I'm afraid there's almost no chance that they'll remove the late payment entry on your credit file.

Think about reclaiming past late payment fees

If you've paid a many late payment fees over the last several years you'll probably be able to get many of them reimbursed. See this excellent site for more details - www.reclaimbankcharges.org

See also
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How to Audit your Credit File
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