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Santander fault missed payment - consequences on credit file?
Hi, My partner and I are houe hunting and will be needing a mortgage in the coming months and only recently have we started using our credit card to try improve our credit file. My partner used her credit card (for the very first time) and paid off the £70 balance in good time (or so she thought through bank transfer). A…
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barclaycard
i,m in debt through my own fault and some personal problems but am about to start a dmp and sort my life out , Just wondered looking back why barclaycard accepted my application for a credit card even though i had fair amount of debt and some missed payments then and on average wage and .....................made my credit…
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Default notice - but not my faul? How can I get them to reverse it?
Hi there, At the end of January I got a letter from virgin about my credit card saying that I had missed my Dec and Jan payments. I pay this via standing order out of my high street bank current account. Virgin said that they were revoking my interest free benefit and I had to pay three months payments Dec/Jan/Feb which I…
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Should i cancel or reduce limits?
After years of 'tarting' the credit cards i now have 8. Should i cancel say 4 or 5 of them and keep a couple for emergency or keep the 8 and get the limits reduced? also will this have a negative effect on my credit rating? most have no debt on them.
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Reduced limit. Now what?
After getting some good advice from the site I decided to pay a lump sum off my balance and reduce my credit limit on one of my cards. £10,400 limit was reduced to £3000. I now owe £2600 on this card. Does anyone know a) How soon the reduction in credit limit will show on my credit file? b) Will it benefit my 'available…
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Credit card Balance = £400, if i pay £600, will the extra £200 be saved as credit?
I have a credit card with a limit of £900 The balance on it is £400 If i pay £600, will the extra £200 be saved on the credit card as credit? = Making my Available amount £1100 (£400 + £600 =£1000) and i will be able to use this 'extra £200' it in the future? or will it be Unaccessable? Why will i transfer an excess of…
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My santander zero card
I'm off to NYC next month and i'm wondering if my trusty Santander zero card is still the best for cash withdrawals/ payment in stores etc. Can anybody tell me the difference between this card and the halifax clarity? Many thanks as always
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Overlimits and Small Print
Good Evening everybody, I am a newbie to this forum and I want to touch on something that im not sure if anybody has ever touched on before. Firstly, in all fairness, I put my hand up and admit that I have gone over my agreed spending limit and I am at fault and must get my account back on track ... but... with other…
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Credit Card to improve credit rating.
Hi all, I want to apply for a credit card to improve my credit rating. I'm 21, have savings of around £1400 and take home around £1450 a month, and don't have an overdraft. I want to use it and spend around £200 a month on, and pay it in full the next month, or the minimum each month, whichever is better. Does anyone have…
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Credit card transfer
Hi all,current card limit 1,500,owe 1,200 @ 24.9 apr,with lioyds Tsb,paying 100 a month,what would be the the best deal to transfer ?
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Thanks alot Barclaycard
I applied for a Barclaycard so I could do a balance transfer. I get the letter saying that it had provisionally been accepted but that I needed to send 3 original documents to confirm my identity for fraud prevention reasons. I sent them a recent utility bill, my most recent wage slip, and a copy of my tennancy agreement…
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MSE News: Co-op admits to unfair rate-jacking rule
This is the discussion thread for the following MSE News Story: "The provider says it was wrong to threaten to punish credit card customers who legitimately reject an interest rate rise ..." Read the full story: Co-op admits to unfair rate-jacking rule
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Sygma Payment/Refund problem
On the 9th February I tried to pay me balance off in full (1k) on the creation website and it said the payment couldn't go through because my card details were incorrect, although they were infact correct. The same day I logged into my bank and paid through my bank, that payment went through., As the money pre-authorises I…
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Letter Templates
Hi, Can someone please point me in the right direction? I'm looking for letter templates specifically the one requesting a creditor to accept a reduced payment on a credit card Many thanks.
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0% period ending
Hi, my 0% balance is ending mid March. I've paid off most of the balance but a bit still remains. I just wanted to check: - if I don't pay off the entire balance, I'll be charged the card's standard APR on the remaining balance, right? - I won't be charged interest on the initial balance at the start of the 0% period for…
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mbna card 0% bt and 0% purchases
Have just bought something on 0% purchases until march 2011 and have also done a bt on 0% till april 2012. When I make the payments back will they go towards the purchases first and then towards the bt? I know some cc companies have done this but dont know if mbna do this where they pay off the highest interest rate first
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Barclaycard 5% interest rate rise, Should I close?
Hi all I have received my latest Barclaycard statement advising me that they are putting up the interest rate on my card from 19.9% to 24.9%. I was given the option to freeze/close it down and if I decide to do so they will charge interest at the current rate until the balance has been cleared. I have a limit of £3400…
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Egg Visa card purchase protection
I recently purchased a mobile phone using my Egg Visa card. Said mobile phone was then accidentally damaged a month later. I have home contents insurance that includes accidental damage to mobile phones but the excess is £200 and the phone only cost £129 so there would be no point in claiming. Therefore, I thought I would…
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Credit Rating - % of credit used versus total credit?
Hello there, I'm hoping you can answer a question I have about credit ratings. I've been doing a lot of reading on the site and have realised the importance both the total amount of credit you have available and the percentage of that credit you have used on your credit rating. My question is, which is more important? My…
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Government updating minimum payment regulations
I have had a letter from capital one saying that they are changing my account because they feel it would benefit me as well as new customers. The letter states: 'In January the government updated minimum payment regulations for new customers. We're changing your account to be in line with these, because we feel they could…
