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Help = Egg Card
notagoodsituation
Posts: 22 Forumite
I have just been checking my egg card online and I have noticed that I am paying interest of £83 per month, and their minimum payment is 81.26!!!
Surely its not alllowed that a payment is not reducing the balance?
Help!!! What can I do about this....
x
Surely its not alllowed that a payment is not reducing the balance?
Help!!! What can I do about this....
x
0
Comments
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Are you in a position to be able to apply for a card with a 0% introductory offer?Debt free since December 2015. It can be done0
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Unfortunatly not. At the moment however I am in a position where I can pay this off in full. However I am trying to work out if this charging structure is legit and if they can do this... i.e. put me in a situation where making the nimimum payment each month is increasing the balance?
Sorry for this people x0 -
unfortunately yes they can do it0
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This is a classic example of a company keeping you in debt. This is why its never good to just repay the minimum payments, allways try and overpay.0
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