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Will missed payments affect my credit file?

It has been agreed by the UK Credit Reference Agencies that during this period of uncertainty, if you have an agreed Payment Deferral, reporting will be made using the same status that was provided before the start of your Payment Deferral period. For example, if your agreement was up to date before the Payment Deferral commenced, it will continue to be shown as such, if it was 1 payment in arrears it would show 1 payment in arrears etc.

The only exception being if you were in arrears before the Payment Deferral commenced and then reduce your arrears during this period, then this will be updated on your credit file.