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Virgin Money Card
Orville
Posts: 1,906 Forumite
in Credit cards
Hi,
I have a friend who has this and had the interest frozen so they could just pay the balance off. They have had insurance on it as well which takes up a hefty amount of the payment.
My question is this, if the person cancels the insurance can this trigger a review by virgin that could result in the interest being increased to make up the short fall or is the interest frozen for good regardless of the insurance.
I have a friend who has this and had the interest frozen so they could just pay the balance off. They have had insurance on it as well which takes up a hefty amount of the payment.
My question is this, if the person cancels the insurance can this trigger a review by virgin that could result in the interest being increased to make up the short fall or is the interest frozen for good regardless of the insurance.
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Comments
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When you say frozen, do you mean they opted out of a rate increase, or it's a temporary goodwill arrangement by Virgin?0
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Deleted_User wrote: »When you say frozen, do you mean they opted out of a rate increase, or it's a temporary goodwill arrangement by Virgin?
She opted out of the rate increase...0 -
Then cancelling the PPI won't impact her rate.0
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Deleted_User wrote: »Then cancelling the PPI won't impact her rate.
Great thank you very much :-)0
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