Need help for mum

themadbird

Hi

My mum is 65, retired and has a credit card from A&L with a balance of £15,000 on it. The interest is crippling her - can anyone give me some advice on which card is cheapest with lowest interest rate. I've had a look around the site at Amex ones but not sure if they accept retired and not working people?

Thanks all.

Rafter

15,000!

Blimey.

I suggest that she goes and sees citizens advice and then approaches A&L about either converting it to a loan at a better rate or even thinking of a repayment plan or something if the repayment is totally unrealistic versus her current income.

Unlikely that anyone will accept her for a 0% or LOB card with that much debt and no significant income.

R.

themadbird

She has enough income from pensions to "just about" cover her repayments at the moment - I think that doing a BT to another card (probably be Lloyds as she's with them) will help her significantly.

Thanks for the advice, I'll have a look around for more information.

robnye

as you have rightly said, bt'ing to a lower interest (0% if poss) or long term, will help her know end, especially as it will reduce what is owing on the A&L card therefore reducing the interest