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Barclay Card Pressure
Norahs
Posts: 2 Newbie
in Credit cards
Hi
I am new on this site so please be kind...I have received a letter from BC informing me that they are going to charge me £12 extra each month as I am over my limit. The reason I am over my £800 limit is due to paying only minimum payment each month and it as crept up to £1,015 from a balance of just over £800. I am struggling financially and my credit rating is not good so transferring the balance is out of the question. Could anyone help me and let me know if there is anything I can do to stop BC from making me fall further into debt with them?
Thank you.
I am new on this site so please be kind...I have received a letter from BC informing me that they are going to charge me £12 extra each month as I am over my limit. The reason I am over my £800 limit is due to paying only minimum payment each month and it as crept up to £1,015 from a balance of just over £800. I am struggling financially and my credit rating is not good so transferring the balance is out of the question. Could anyone help me and let me know if there is anything I can do to stop BC from making me fall further into debt with them?
Thank you.
0
Comments
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Hi
I am new on this site so please be kind...I have received a letter from BC informing me that they are going to charge me £12 extra each month as I am over my limit. The reason I am over my £800 limit is due to paying only minimum payment each month and it as crept up to £1,015 from a balance of just over £800. I am struggling financially and my credit rating is not good so transferring the balance is out of the question. Could anyone help me and let me know if there is anything I can do to stop BC from making me fall further into debt with them?
Thank you.
Not quite accurate, the letter will state that they will charge you £12 for each month you go over your limit. This is in the terms of the agreement you signed when you took the card.
Best advice is find the £200 to bring it back under your limit.0 -
Hi, I'm new on here too!
I was in trouble with Barclaycard not long ago. I gave them a call to explain my situation and they offered me a repayment plan, which I accepted. It's reviewed every 6 months and they lowered the interest.
Give them a call sooner rather than later. They've been brilliant for me.
Katevw10 -
When a debt is still at this stage, contact is the key.
Contact them today, explain and see if they can make life a bit easier for you."We want the finest wines available to humanity, we want them here, and we want them now!"0 -
Hi, I'm new on here too!
I was in trouble with Barclaycard not long ago. I gave them a call to explain my situation and they offered me a repayment plan, which I accepted. It's reviewed every 6 months and they lowered the interest.
Give them a call sooner rather than later. They've been brilliant for me.
Katevw1
Worth mentioning this would show as an AP on your credit file, arrangment to pay.0 -
AP is better than over limit0
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