We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Payment Break Plan - Monument
Options
skint1971
Posts: 9 Forumite
After falling on hard times a few years ago, we have been on payment plans with our credit cards to clear our outstanding debts.
But I have just discovered that my wifes Monument CC has been charging her a Payment Break Plan of £14.92 pm even though they have agreed to her paying £5 pm to clear the debt.
Hence her debt is still growig by £9.92 pm even though the interest has been frozen.
Is this normal for a CC card to charge for a payment break as all our other creditors dont seem to.
I look forward to your comments.
But I have just discovered that my wifes Monument CC has been charging her a Payment Break Plan of £14.92 pm even though they have agreed to her paying £5 pm to clear the debt.
Hence her debt is still growig by £9.92 pm even though the interest has been frozen.
Is this normal for a CC card to charge for a payment break as all our other creditors dont seem to.
I look forward to your comments.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards