Offer to bank of lowered repayments?

iceland_viking

Hi Guys,

I have had a credit card acc stopped (still under limit by £200) and am being asked to make repayments this month of £550, which is slightly bizarre?

Anyway, is there a letter I could send off to them requesting a nominal payment, then small monthly repayments after that?

Thanks for any advice

Andy

MrsTinks

Who is it with? have you ever missed any payments? Have you had any letters about the minimum payment changing?

iceland_viking

Nationwide credit card...

Reclaimed charges on them, got them back, out of the blue they said they were closing the acc, i would have to re-apply if i wanted a new card. Then sent a letter to me requesting £541 as a monthly repayment (it was £35 before)

Thanks

theoretica

This post giving one person's view of Nationwide's attitude to reclaiming bank charges may be relevant. I would suggest applying for a card elsewhere and transferring- and ASAP if you think they may downgrade your credit file for failing to meet their demanded payment.
http://forums.moneysavingexpert.com/showpost.html?p=5063596&postcount=16