The Sub Prime Credit Thread - Part IV

cifpower

This is from the JD Williams T&C

There's a minimum payment due from you when we send you a statement every 28 days - this minimum payment will normally start at 1/6th of the cash price of the goods and/or services you've bought from us. Once you've established a consistent payment history with us, we may decide to reduce your minimum payment, to 1/12th of the cash price of the goods and/or services you've bought from us.

Zack1

cifpower wrote: »

This is from the JD Williams T&C

I presume 1/12 is more interest too in the end :rolleyes:. They make it sound like it's a good thing to reduce your payment!!

So glad I've got Natwest, really want a Tesco card though (0% for a year = :beer: )

seeya23

hi cif did you have a good xmas and new year did you go back home (ni) have you got your ipod yet ???

cifpower

seeya23 wrote: »

hi cif did you have a good xmas and new year did you go back home (ni) have you got your ipod yet ???

Hi hun.

Xmas was so-so but the least said about that the better. Got my ipod 2 days after ordering it which was quite good by JD Williams standards! Working fine and am having fun with the apps.

Zack1

I just realised my Capital One card only has £3 left on it, but the Direct Debit has shown on the card... I thought once the DD showed as being received the available credit would go back up? That's what happens when I pay my Natwest?

cifpower

When my direct debit is taken for my Ulster Bank card it doesn't show as credited until the next day

Zack1

cifpower wrote: »

When my direct debit is taken for my Ulster Bank card it doesn't show as credited until the next day

Thanks . So it counts the next day, but still it appears on your statement as "DD Received - Thank You" the day it's taken? Was hoping I'd get my increase that's why I logged on to have a look, not sure if it's this month or next month, then realised my available limit was “wrong” (or so I thought!!)

cifpower

Any limit increase wouldn't show until your next statement is produced

Zack1

cifpower wrote: »

Any limit increase wouldn't show until your next statement is produced

Haha, yep I logged in just after making that post to double check it had been paid correctly/the right amount etc, then realised when I clicked view e-statements that there wasn't this months and I've got to wait until 23rd when the new statement is generated. Was just about to come on here to edit that but you beat me to it

RICK..._2

seeya23 wrote: »

i got a letter last year saying your minumum payment from now on will be less and if you pay the minumum payment it will take you longer to pay off

Exactly same as me on my JDwilliams. My minimum payment is £47 on £920. £34 interest a month though.... :eek:

However on my Jacamo minimum payment is £103 on £600. But only £4 interest!

I intend to try clear both ASAP.