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Effects of advising Credit Card suppliers of possible problems.
Options
Drimmer
Posts: 9 Forumite
I am currently at the crunch point but may have some alternative funds provided to me for reducing my £30k. Whilst I do this, for the first time in about 3 years I defaulted on monthly repayment, therefore I have two options:
1. Apologise, mistake and somehow try to ensure they get this months payment to avoid any issues
2. Inform them that I am having difficulties and take it from there.
PROBLEM - As I have not exhausted all my options if I did Option 2 and just informed them would that immediatley go down as a black mark and basically start the ball rolling to get bad credit with them and other financial institutions?
Anyone help please.
1. Apologise, mistake and somehow try to ensure they get this months payment to avoid any issues
2. Inform them that I am having difficulties and take it from there.
PROBLEM - As I have not exhausted all my options if I did Option 2 and just informed them would that immediatley go down as a black mark and basically start the ball rolling to get bad credit with them and other financial institutions?
Anyone help please.
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