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Did anyone else do this?
Harloshred
Posts: 52 Forumite
Just out of interest, when at your worst extreme of debt did anyone ever withdraw cash from CC to pay minimum monthly repayment ?
Thanks for any replies.
Thanks for any replies.
0
Comments
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I have never had to do this (yet!) have always managed to scrape my minimum payments, (even though other bills have then fallen by the wayside) I have on the other hand had to withdraw cash to pay for my car to be serviced, but I wouldn't recommend it, you pay a withdrawal fee, and the interest you pay is higher.
Can you not phone your cc company and ask them to change the date it is due?I believe that I have the strength to make my dreams come true:T September Challenge £5 per day - £0/£150 :T0 -
Oh Ive certainly done this in my time, yep. Not jsut once, quite a few times.
Another brilliant financial decision from yours truly:beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
Yep many times. Muppet.0
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yep absolutely - "robbing peter to pay paul"😁0
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Yes done this-very very bad idea
Debts Jan 2014 £20,108.34 :eek:
EF #70 £0/£1000
SW 1st 4lbs0 -
thanks.
It's actually my OH who has done this not me.
Must be one of the worst financial decisions ever.0 -
I dont know if its as bad as
a) consolidation then spending on the cards
b) going to those cheque cashing places
c) paying off student loans 3.2% with a 18% APR credit card
All of which I have done in my time!
At least Ive never bought from Crazy Georges :wall: or taken a provi loan, but I would probably have done if Id never found MSE :money::beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
Yes repeatedly over £6,000 worth of doing this. We were bankrupt but refused to accept it. We managed to keep the house by using the credit card for everything.Barclaycard 3800
Nothing to do but hibernate till spring
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No, but I did used to buy things in M&S on my credit card, then immediately take them to the returns desk for a cash refund. Marginally better, since I wasn't paying daily interest charges.Debt at highest: £6,290.72 (14.2.1999)
Debt free success date: 14.8.2006 :j0 -
In the past I have used credit card cheques to pay money into my bank account to cover my monthly outgoings, which amounts to the same thing
Official DFW Nerd No 096 - Proud to have dealt with my debt!0
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