Crosswords0 min ago
Effects of being over my Credit card limit for 48hours
9 Answers
Good afternoon
Looking for advise, i acceditally went over my limit, basically it took a little longer than I expext to transfer some money, I went over my limit this has now been settled and paid, currently I have a mortgage in priciple will this have a knock on effect with my mortgage, or shuold i just sit and wait and see if it gets mentioned, the sum was only £20 over the limit !
Regards
S Fitzgerald
Looking for advise, i acceditally went over my limit, basically it took a little longer than I expext to transfer some money, I went over my limit this has now been settled and paid, currently I have a mortgage in priciple will this have a knock on effect with my mortgage, or shuold i just sit and wait and see if it gets mentioned, the sum was only £20 over the limit !
Regards
S Fitzgerald
Answers
1 to 9 of 9
Best Answer
No best answer has yet been selected by ScottFitzgerald. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.
Nothing will happen at all. Had the credit card company not have wanted you go over the limit they wouldn't have authorised the transaction. The fact that they did authorise it means that all is fine. No doubt your limit will be increased and rise to the next level next time you get a bill.
No worries at all, all the more interest for them.
No worries at all, all the more interest for them.
^^^ PS
Just check that I have understood you correctly. When you say over your limit do you mean over your credit limit or do you mean that you have not paid the minimum amount due this month?
If the first then all's well as I said before. If in fact yoru are £20 short in this month's payment, you will be charged a non-payment fee and more interest on the amount. But unless you do it regularly, you're unlikely to get a bad credit rating for a one off occurence.
Just check that I have understood you correctly. When you say over your limit do you mean over your credit limit or do you mean that you have not paid the minimum amount due this month?
If the first then all's well as I said before. If in fact yoru are £20 short in this month's payment, you will be charged a non-payment fee and more interest on the amount. But unless you do it regularly, you're unlikely to get a bad credit rating for a one off occurence.
Yes you are correctly, basically I booked a hotel and that took me £20 over my limit as soon as I spotted it I have paid 50% of the balance to bring it back in line however with it been over for 48 hours I am concerned this will be reported on my credit file and I am currently in the mortgage application stage
1 to 9 of 9
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.