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Will the CC company reduce the apr if you agree to stop spending?
Dog_on_wheels
Posts: 704 Forumite
in Credit cards
Sorry if this is common knowledge (it's not really my area) but I have a card with RBS and tried to get another card to switch to a 0% apr but I have been rejected by the three applications I made to various cards (on the same day)
I just wondered if you phoned and said along the lines of I will pay off e.g £300 per month until I have paid off my £6000 debt if you will reduce the apr for this period.
Would they do this? and if so, would it affect your credit worthiness in the future?
Thanks.
I just wondered if you phoned and said along the lines of I will pay off e.g £300 per month until I have paid off my £6000 debt if you will reduce the apr for this period.
Would they do this? and if so, would it affect your credit worthiness in the future?
Thanks.
0
Comments
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only way to find out if they would do this out is to call them!!!please just thank me
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If they mark as "Arrangement to pay" this will deffo affect your credit worthinessBank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
6 credit accounts closed in 2010!
Official SOS Club number 001 - Dry until 01.07.100 -
I still managed to get the Capital One card with the note "On A Debt Management plan". I am no longer on it but what effect would that be having on my credit then?0
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