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Affect on CIBIL if I missed Credit card bill payment twice in a row ?

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  1. #1
    Jami_200 Guest

    Exclamation Affect on CIBIL if I missed Credit card bill payment twice in a row ?

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    Sir,

    Due to some personal issues I forgot to make last two payment for my credit card bill on time. But before this I don't remember I ever missed my credit card payment for all these years. I am using my credit card from more than 4 years and have maintained very good record.

    But what happened this time is that .. previous to last month, I forgot to pay it in timely manner. Bill was not big, just Rs. 12000 something, usually I pay 3-4 days advance before due date but when I missed due date, I even paid next months estimated bill, around Rs. 24000. So next month I got only 4000 something bill. But this time due to some personal reasons, I completely forgot to pay this, I only realized that I missed the last months payment when this month's statement was generated, there I saw that bank has charged Rs. 500 late fee and some 250 finance charges, I am seeing this first time ever in my statement.

    I think I messed up all my record. But now I am worried , will it affect my Credit History at CIBIL because I am planning to go for a business loan and I uncertain this mistake is going to hurt it ?

    Please tell what should I do ?

  2. #2
    Savera's Avatar
    Savera
    Savera is offline eTI Aluminium
    You should do nothing, just pay next statement in time. Some banks update cibil quarterly and some take even longer period. By that means , your cibil should not be affected.

    Savera......

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