Freezing credit card payments if not employed anymore?

crazy_gooner

Hi guys, basically I'm hoping to move away by march and start a new life up north. I owe Halifax 2k on my credit card, interest rate is about 29% and my credit score isn't great, I've been refused a loan from them in the past and a card from Barclay's with 0% which would have done nicely.

Just wondering, would they freeze payments for say 2 months? Unlikely I'll have a job straight away when moving up there, hopefully within a month or 2 maximum though.

Just wondering a way around this, as the £50 payment a month would help so much, even with travelling expenses looking for work.

Thanks

[Deleted User]

only one way to find out....ask them nicely

stephane_2

I doubt it very much...they'll still want some kind of payments.

crazy_gooner

Thanks guys. Guess I'll ask nearer the time. I've never missed a payment so hope it holds me in good stead.

I don't even mind paying £25 a month (half is possible)

Thanks again.

sharpy2010

Unless your credit rating is already trashed, I'd just keep up payments...

sharpy2010

crazy_gooner wrote: »

Hi guys, basically I'm hoping to move away by march and start a new life up north

I wouldn't bother... Haven't you heard of the North/South divide? ;-)

Norfolk_Jim

Couldnt you just spend £50 on the card each month? I know that the interest will still be going on the card but if it's just for 2 months it's easier to just use the card than to ask for a payment holiday and use the cash you would have handed over the counter to make the payment instead.
I'm assuming you card is neither maxed out or closed.

SeduLOUs

If you have a job at the moment then the sensible thing I would suggest is to save some money before leaving your current job to enable you to keep up repayments. If you can save enough to cover your minimum repayments for 6 months or so at least you can keep the move as stress free as possible, and if you do find a job straight away the cash all helps to tie you over to that first payday which can sometimes be a long wait.

Even if your CC company allows you to hold payments for 2 months there is no guarantee you will have a job at the end of that period and then things could begin to get very difficult.

Finally, good luck with the move

lisyloo

You will trash your credit record if you don't meet the minimum payments.
You could ask for a payment holiday.

You other best options are pay the minimum.
Can you save up before you go?

You have probably now missed the chance to get extra work over Xmas (companies like Argos take a lot of temp staff on).

Binky111

spend less keep up payment. get extra job doing anything whne job ends so you not go in debt any more.

PNPSUKNET

Why not get a job before moving?