I owed £8 on a flex payment. I usually shove flex money into a flex pot… I forgot to do this.
The payment wasn’t taken. I woke up to a notification that said this would leave a negative mark on my credit file…
I paid the £8 immediately. Indeed, I just paid my entire flex debt off.
As I paid the flex on the same day the money was due - will this honestly affect my credit file? Less than a few hours had passed between it failing and being paid.
I’m especially paranoid about this as many years ago my circumstances were such I was going to be two days late paying my mortgage.
I informed the bank (not Monzo) a week before the payment was due - they said no problem, and this would not affect my file. I paid the mortgage a day late, and it left a massive mark on my file which took forever to clear.
If you search the in-app help for “missed Flex payment” you’ll find a help article that explains everything. Here’s a screenshot of the first paragraph:
There’ll be no impact on your credit file if you paid on the same day.
You actually have 2 weeks before we’ll report it as a missed payment on your credit file - but it’s still best to catch up as soon as possible (if you can) since it can still have an impact on our internal credit decisioning before this. There’ll have been no impact for you though since you caught up the same day
We’ll look at the wording in the initial message to try make it clearer.
I can only go off what I read on here, I’m not going to go and look at the full article, I’ll delete my original post since it doesn’t help anyone who may wish to find this answer in the future
The notification did not make this clear.
