Barclay Card Pressure

Norahs

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.

jonjamie1970

Norahs wrote: »

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.

katevw1

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

KingElvis

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.

jonjamie1970

katevw1 wrote: »

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.

PNPSUKNET

AP is better than over limit