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minimum payment required despite zeo balance
savorama
Posts: 3 Newbie
in Credit cards
i have just been informed by Marks & Spencer that even if your account balance is Zero by virtue of you having returned items to clear your balance, you still need to pay a minimum sum into your account. Is this correct?
0
Comments
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Quite possibly. Many lenders do not count refunds towards min payments.0
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It depends on whether your statement was produced before the refund was registered.
So if you have a statement balance and a direct debit, regardless of whether a payment was made before the bill due date, you may have to call through to stop them taking a payment.0 -
i have just been informed by Marks & Spencer that even if your account balance is Zero by virtue of you having returned items to clear your balance, you still need to pay a minimum sum into your account. Is this correct?
Certainly likely. Until you use the card again (or close it) it will retain a positive balance; you're not actually losing any money.Conjugating the verb 'to be":
-o I am humble -o You are attention seeking -o She is Nadine Dorries0
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