Will this affect my credit rating?
My bank’s fraud prevention system is useless – every month, I withdraw the same amount of money, pay my credit card, buy pet food online and pay off any items on the catalogue yet every month, it blocks payment on the catalogue until I have confirmed that all the transactions were made by me. It’s an automated call from the fraud prevention service. I can then go back onto the catalogue’s website and make the payment but a few days later, receive a letter from the catalogue mentioning that they noticed I could not make a payment and advice on other ways to pay and who to contact should I be in financial difficulty.
I do not have financial problems and have never missed a payment or had errors in payment until this service was introduced by my bank.
What I want to know is, if the bank blocks my payment to my catalogue, is this noted on my credit report in much the same way as a late payment? Will this affect my credit rating?
I have complained to my bank (two weeks ago) and am yet to hear back from them. I am hoping to start university next Sept as a mature student so don’t want to be penalised for their stupid fraud system!
No it won’t effect your credit. Your credit is hurt when a trade line (credit card company) shows that you are 30, 60, or 90 days late. I would suggest that you continue to contact your bank, if you are waiting for them to get back to you, they won’t. You can also ask them to run a credit check for you, this way it will generate a credit bureau after you request it from the credit reporting agencies. I hope that this helps, good luck to you. It is hard to get and keep good credit.
No it won’t effect your credit. Your credit is hurt when a trade line (credit card company) shows that you are 30, 60, or 90 days late. I would suggest that you continue to contact your bank, if you are waiting for them to get back to you, they won’t. You can also ask them to run a credit check for you, this way it will generate a credit bureau after you request it from the credit reporting agencies. I hope that this helps, good luck to you. It is hard to get and keep good credit.
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You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments – creditreport.imess.net
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it will not effect your credit rating simply because the error is them no you so don’t worry it can be checked into also evidence what you say is of a truthful nature so NO WORRIES !
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