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Probably a silly question... but
Peabody_2
Posts: 276 Forumite
my credit card is nearly at it's limit, I think I have about another £600 left, which will fill up quickly when they start adding interest :eek:.
Do I need to call them or will they adjust every thing themselves? I'm worried that they'll just leave it and I'll be hit with loads of charges etc.
But I'm always worried about calling them
I'm sure it's not good to draw attention to yourself with your bank when your in debt.
Does anyone have any idea's?
Thanks
Pea
Do I need to call them or will they adjust every thing themselves? I'm worried that they'll just leave it and I'll be hit with loads of charges etc.
But I'm always worried about calling them
I'm sure it's not good to draw attention to yourself with your bank when your in debt.Does anyone have any idea's?
Thanks
Pea
Total at 9th Feb 12 - £17,500 :eek: Now - £6,851.05
Loan - £6022.05, [STRIKE]Card 1 - £3293.85,[/STRIKE] [STRIKE]Card 2 - £2287.04[/STRIKE], Sofa - £825.00
Wedding Pot - £0.00
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Comments
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Hiya
Could you give a bit more detail please?
What interest is due that you are referring to?
Are charges due to be applied to the account?
What do you mean when you ask if they will "adjust everything themselves"? - adjust what?!
LC
I’m a Forum Ambassador and I support the Forum Team on the Old Style, Crafting and Techie Stuff boards.If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.GC: May 22 £tbc/£250 Vegan 27-8-130 -
Hello,
Not sure what you are asking here.
Adjust for what? Your statement, or is there a problem with payments?
HB:beer:0 -
Sorry I meant adjust the credit limit.
It's a Lloyds CC with an interest rate of 22.4% I think that interest and ppi come to around £270 ish (rough figures sorry)
Let me know if you need anything else.Total at 9th Feb 12 - £17,500 :eek: Now - £6,851.05Loan - £6022.05, [STRIKE]Card 1 - £3293.85,[/STRIKE] [STRIKE]Card 2 - £2287.04[/STRIKE], Sofa - £825.00Wedding Pot - £0.00
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Your minimum payments, if you're making them, should cover the interest so the balance shouldn't increase. If you aren't making minimum payments, you're surely defaulting anyway, so already getting loads of charges added for late payments etc?Long haul supporter #290POAYDBX2014 #043LBM Dec 2011 Debt £51K Debt Nov 2014 £42K0
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No I'm just worried about what will happen when I get to my credit limit, I can only afford the min paymentsTotal at 9th Feb 12 - £17,500 :eek: Now - £6,851.05Loan - £6022.05, [STRIKE]Card 1 - £3293.85,[/STRIKE] [STRIKE]Card 2 - £2287.04[/STRIKE], Sofa - £825.00Wedding Pot - £0.00
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yep always make the min, I've never defaultedTotal at 9th Feb 12 - £17,500 :eek: Now - £6,851.05Loan - £6022.05, [STRIKE]Card 1 - £3293.85,[/STRIKE] [STRIKE]Card 2 - £2287.04[/STRIKE], Sofa - £825.00Wedding Pot - £0.00
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So don't your minimum payments cover the interest then?Long haul supporter #290POAYDBX2014 #043LBM Dec 2011 Debt £51K Debt Nov 2014 £42K0
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Sorry I think I might have unnecessarily panicked.... I've just had a look and realised that as I'm not spending on it any more it'll be find....
Oops well that's one way to stress yourself out on a Sunday morning. Still a little new to this fight the cc debt thingTotal at 9th Feb 12 - £17,500 :eek: Now - £6,851.05Loan - £6022.05, [STRIKE]Card 1 - £3293.85,[/STRIKE] [STRIKE]Card 2 - £2287.04[/STRIKE], Sofa - £825.00Wedding Pot - £0.00
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recurrent-ostrich wrote: »So don't your minimum payments cover the interest then?
Yes they do jst realised I've been a muppet... panicked. :o Total at 9th Feb 12 - £17,500 :eek: Now - £6,851.05Loan - £6022.05, [STRIKE]Card 1 - £3293.85,[/STRIKE] [STRIKE]Card 2 - £2287.04[/STRIKE], Sofa - £825.00Wedding Pot - £0.00
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Well, at least you've sorted out where you were looking at it wrongly! Glad you feel better
LC
I’m a Forum Ambassador and I support the Forum Team on the Old Style, Crafting and Techie Stuff boards.If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.GC: May 22 £tbc/£250 Vegan 27-8-130
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