Missed Payment - Impact on Credit Score

[Anna_Louise1]

Hiya,

I currently have a spotify premium account which I pay for monthly via direct debit. My most recent payment failed due to insufficient funds in my account as a result of another company double-charging me. As soon as I received notification of the payment failure I sent payment via paypal. 

I was just worried, does this missed payment adversely impact my credit score? 

[Billy-J]

Hey @Anna_Louise1, welcome to the community. 

Hope you’re doing great!

I understand your frustration. This shouldn’t affect your credit score as this is prepaid, which means it’s due by a certain date. 

When you don’t have enough funds on your account, Spotify will attempt to try again in a few days, and eventually your account will revert to free. 

I hope this helps clarify things 🙂