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29.9% APR is killing us

MarkieGee
MarkieGee Posts: 16 Forumite
in Debt-free wannabe
Having had a financial amnesty with my Wife, it seems she has £6k with two credit cards, both with 29.9% APR.

She has missed 4-5 payments since January with the last in July & our credit rating is probably less than glittery. What is our best option try to clear this £6k & are there any reasonable loans or credit card rates that will take someone with recent missed payments?

MG

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Comments

  • fatbelly
    fatbelly Posts: 23,667 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    If the missed payments are on a card in her name then it's her credit rating that will be affected.

    There's a list of 0% balance transfer deals here

    or low life-of balance deals here
  • poppy10_2
    poppy10_2 Posts: 6,597 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    fatbelly wrote: »
    If the missed payments are on a card in her name then it's her credit rating that will be affected.
    Even if the missed payments are in her name, if they have any joint financial arrangements e.g. joint bank accounts or loans, then they will be financially associated and his credit rating will be trashed too. Time for a new wife.
    poppy10
  • RAS
    RAS Posts: 36,466 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    it would be more helpful if you could fill in a joint SAO as per here

    https://www.makesenseofcards.com/soacalc.html

    Can you afford to start clearing this debt, or not?

    is there a default?
    If you've have not made a mistake, you've made nothing
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