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rip off

hi my names nicky ive just joined and am in serious need of good advice ??? im with barclays bank i have a barclays credit card i have used all of my 4,500 limit and i am being charged 110 pound a month most of which goes to interest payments and insurance coverage i am self employed and very worried is there anything i can do to bump this interest rate down it is almost impossible for me to transfer my balance as im am self employed what can i do :'(
Titch :)

Comments

  • it is almost impossible for me to transfer my balance as im am self employed what can i do  :'(

    I was not aware of this rule.
    ...............................I have put my clock back....... Kcolc ym
  • One thing you might double check is your Repayment Protection Insurance, which normally does not cover self employed people. Maybe a bit of a saving there if that is the case plus a case for mis-selling compensation off the CC company??
    Ethical moneysaver
  • have you spoken to your bank about a personal loan, which are widely available at around 6-8%, although rates may be dependent on a credit score.
    Ethical moneysaver
  • cheers everyone ill get in touch with experian see if that helps me ;)
    Titch :)
  • I would say it is the best place to start.

    Good luck
  • deemy2004
    deemy2004 Posts: 6,201 Forumite
    hi my names nicky ive just joined and am in serious need of good advice  ??? im with barclays bank i have a barclays credit card i have used all of my 4,500 limit and i am being charged 110 pound a month most of which goes to interest payments and insurance coverage i am self employed and very worried is there anything i can do to bump this interest rate down it is almost impossible for me to transfer my balance as im am self employed what can i do  :'(

    Does your insurance covered self employed ? Check that out, if they new you were self-employed when they gave you the card and your not covered, then claim all the premiums back cos its mis-selling.

    Why can't you move the debt ?
    Have you tried to move it ?
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