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Girlfriend did not pay statement on common credit card
October 23, 2010
9:10 am
Max
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I have been using the SmarCash for about 1 year now and my girlfriend is using it too but sometimes we reach our student limit of $2,000.00 so she uses our old conjoint credit card Ultramar National Bank credit card. She forgot to pay her last statement becuase she was the only one to use it and she didn't change the shipping adress of the statement and it was still going in the Mail-Box of her parents house.

We found out she had a balance of $30 from 2 months ago and had interestd on them.

How will this affect my credit score and will this affect me for a mortage or any loan? I have always personally paid my credit card bills for the last 3 years on time and never paid interest of my life.

The day you become free is the day you work for fun.

October 24, 2010
3:34 pm
Doug
British Columbia, Canada
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It will have an affect on you and your girlfriend, but to what extent, I don't know. It will mean you'll have one R2 or R3 rating as part of your payment history, which stays on for I believe three years, but your overall rating should still be R1.

While I'm no credit score expert, it may mean your credit scores drop at least temporarily 20-30 points but it could be more than that and it may be less.

Hope that helps,
Doug

October 25, 2010
6:14 am
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you'll probably have a single "60 to 90 day late" entry on your credit report. this will stay there for I believe 6 or 7 years depending on what province you live in. if your credit is otherwise good, i wouldn't worry about it. you're not going to be refused a loan if it's just one occurence. you do have the right to contact equifax and transunion and make a "consumer statement" which will appear on your credit reports. you can say in your comsumer statement what happened to cause the late payment. it may not have a posivite effect on credit decisions, but it couldn't hurt.

October 26, 2010
6:39 am
Max
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Allright, so from I understand, it won't affect that much or not for so long at least. I asked for a credit limit increse on my other credit card and they accepted. So I guess it didn't affect my previous good credit score that much.

Thanks guys.

The day you become free is the day you work for fun.

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