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what happens if you cant afford your credit card bill

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  • izools
    izools Posts: 7,513 Forumite
    1,000 Posts Combo Breaker
    Absolutely, they would simply (like any other bank in the high street) take the money from your current account if you didn't tell them what was going on, or provide you with a managed loan to consolidate existing HSBC borrowing into a manageable payment whilst pre-declining you for all their other credit facilities until the managed loan is clear.

    Still the same now :o
    Cashback Earned ¦ Nectar Points £68 ¦ Natoinwide Select £62 ¦ Aqua Reward £100 ¦ Amex Platinum £48
  • That's a point, if you're using a bank account with the same creditor for the credit card debt, I strongly advise you to move banks.
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