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credit cards

hi, just wondering if anyone can help, were trying to pay off loans and credit cards and are struggling but they all getting paid on time but we were wondering if managed to get the intrest frozen on the cards would it give us a bad credit rating? we dont want to go down the route of DMP or an IVA

Comments

  • Tixy
    Tixy Posts: 31,455 Forumite
    If you can afford your minimum payments then its very unlikely your creditors would agree to freeze interest.

    Occasionally people have managed to negotiate with their credit cards companies to freeze interest for 6months or so, at that point you would have to negotiate as to whether they would mark anything negative on your credit file (eg as an arrangement to pay).
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Hi welcome,

    As mentioned if you making payments they generally won't let up. As you use the term 'were' I assume its a couple to which is the debt in one name or the other or joint?
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
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