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My apr keeps rising... advice needed
lewpster
Posts: 1,665 Forumite
in Credit cards
I have currently a Flybe credit card which started at 24.9%. I used it for a balance transfer mainly, and the current balance is about £1,790. I am desperate to pay it off but in March the apr was raised to 29.9% and now I have had a letter stating it is to rise to 32.9% :eek: :mad:
I have not used it for about 5 months and pay just above the minimum payment as I have been trying to get other things sorted and am almost there.
What is my best plan of action......? I did call them and they were no help bar to say I need to write in to complaints team.
I have tried to get a loan to cover the balance but can't get one, so don't want to ruin my credit record when I am trying so hard to get it back on track.
I have 2 other cards which are lower rates but not enough on to do a balance transfer. Is my best plan of action just to pay the minimum on the other cards and put as much on here as I can?
Thanks
I have not used it for about 5 months and pay just above the minimum payment as I have been trying to get other things sorted and am almost there.
What is my best plan of action......? I did call them and they were no help bar to say I need to write in to complaints team.
I have tried to get a loan to cover the balance but can't get one, so don't want to ruin my credit record when I am trying so hard to get it back on track.
I have 2 other cards which are lower rates but not enough on to do a balance transfer. Is my best plan of action just to pay the minimum on the other cards and put as much on here as I can?
Thanks
0
Comments
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Yes.
Are you still tucking money away for the kids?0 -
Yes, plough as much money as possible into this debt!Got Halifax Classic to reduce my interest rate by 5% woohoo - 10/06/08 Thanks MSE!
Another 3% shaved off 10/12/08
ANOTHER 4 % June 09:beer:0
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