Coronavirus - Get the latest updates and resources from MyWalletHero - Find out more.
Advertiser Disclosure

What happens if I miss a credit card payment in the UK?

What happens if I miss a credit card payment in the UK?
Image source: Getty Images


It’s a valid fear when applying for a credit card. What happens if I miss a credit card payment here in the UK? Well, you could end up paying more money than you need to. And maybe worse…

Perhaps I’ve come across too strongly there. One missed payment doesn’t automatically mean your card will be taken away from you and you’ll be blacklisted forevermore!

However, credit-card providers can issue ‘late fees’ of up to £12. That may not sound much to some, but it can go a long way. Also, these fines can really add up if multiple payments are missed.

What I’m most conscious of, though, is what happens to my credit score if I miss a credit card payment, as a lot rides on the credit history in the UK. 

Each time a cardholder misses a billing cycle, or is even marginally late with a payment, a note is added to their credit file. In fact, if they were to miss between three and six monthly payments, they’d receive what’s known as a ‘default’. This is a marker that stays on one’s credit history for six years.

The more ‘black marks’, the less likely it is that a credit-card provider will accept applications. The same goes for mortgage lenders and the like. So it’s really in cardholders’ best interests to pay on time!

(Personally, I set myself reminders in my calendar each month to ensure I avoid the repercussions of what would happen if I were to miss a credit card payment. Life’s stressful enough without being issued with late fees, and denting your credit score!)

Looking for a new credit card?

Great credit card offers are out there — you just need to know where to look! If you’re after some of the top offers on the market, a great place to start is our list of the top credit cards.


Some offers on MyWalletHero are from our partners — it’s how we make money and keep this site going. But does that impact our ratings? Nope. Our commitment is to you. If a product isn’t any good, our rating will reflect that, or we won’t list it at all. Also, while we aim to feature the best products available, we do not review every product on the market. Learn more here. The statements above are The Motley Fool’s alone and have not been provided or endorsed by bank advertisers. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool UK has recommended Barclays, Hargreaves Lansdown, HSBC Holdings, Lloyds Banking Group, Mastercard, and Tesco.