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redundancy - will it affect my credit cards?
latecomer
Posts: 4,331 Forumite
in Credit cards
Quick question for those in the know - I'm being made redundant at some point in the near future (no details yet) and I'm wondering whether it will affect my credit cards. I have 2 cards, both are paid off in full every month and my credit history is good.
2 quick questions
- do I need to inform them of my redundancy and if so at what stage?
- are they likely to reduce the limits or cancel the cards? One has a minimum salary requirement for opening, the other does not.
Probably not thinking straight at the moment so you'll have to excuse the questions if they are stupid.
2 quick questions
- do I need to inform them of my redundancy and if so at what stage?
- are they likely to reduce the limits or cancel the cards? One has a minimum salary requirement for opening, the other does not.
Probably not thinking straight at the moment so you'll have to excuse the questions if they are stupid.
0
Comments
-
They will only be concerned if you stop paying them.
No need to tell them about redundancy unless you wil be unable to pay.0 -
Do you have PPI ? on the cards if so they normally pay 5% of any outstanding balance when you claim.0
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Thanks for the replies. No PPI as we never have a balance.0
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