Barclaycard will I ever be free?

turfy6

I dont know if anyone can make any suggestions but I seem to have hit a brick wall with Barclaycard. The story is Ive had this card for 20 yrs plus, always remained within my limit, until a blip last August when they Suspended my account, since then my OH became self employed and our income became short for a while. I did all the usual things trying to agree a pay plan with them etc and the overseas call centre telling me to call back on another date, anyway to cut a long story short I actually managed to pay small amounts off except for one monthin Feb 09 when we were really broke. Until Nov 08 I was managing just over the minimum payment, then Dec my account was in arrears and also January, since March things have improved and I am now paying in excess of them minimum payment . i.e min payment £100 ish and am paying around £280 per month so all the balances are falling in the right direction. Since joing the site and having my LBM:T I have organised all my finances and am trying to pay my cc and 2 loans back. Biggest prob is my cc is uk based and I live in Ireland, so I pay by internet each week. I phoned Barclaycard today and asked if there was any chance of an interest rate reduction to help me on my way to be debt free, not a hope they said my account was cancelled, Anyone any ideas out there or is this now a lost cause and will i have to carry on paying 24.9% and hope the euro stays reasonably strong.

Kelly248

I have had similar problems. I managed to get rid of my credit card debt with increasing one of my loans which has a low interest rate. Perhaps you could try this or taking out a new loan to consolidate credit, for example with Alliance & Leicester or Freedom Finance. You would save a good bit on interest each month. Whatever you do get rid of Barclaycard!
I have had bad experience with them recently after I actually paid a large amount of my balance. They reduced my credit limit to £450, without sufficent notice when I was abroad, as a reward!
Good luck and hope you get sorted!

turfy6

Thanks Kelly, dont think I'll go down the loan route though as Im a stay at home mum with no income, so at the mo we are paying two other loans and my other half is claiming a welfare allowance as his income is low at the moment. We seem to be coping ok and it is my goal to pay off barclaycard asap and cancel the card when its paid off. I'll keep trucking! Thanks again