Can I stop interest charges on Argos Card?

Xx27x4kj

Can I block the interest charges on my Argos card?
I'm struggling to pay off my Argos card. I can only afford to pay of £20 a month but its adding another £15 on with interest and cover safe!

Do you think if I called them and asked would they block my card from spending and put a hold on the interest too?

Thanks in advance x

JimmyTheWig

Ok, there are three questions here.

1. Do you currently want to be paying for Cover Safe?
Does it get you any benefits? Is it worth what you are paying for it? If not, phone up and cancel. If you are not sure, tell us the benefits and the costs and someone might be able to help you decide.

2. Can you reclaim Cover Safe payments made for the last two years?
Probably, if it was mis-sold. Was it mis-sold? Given that when they recently explained then benefits it to you on the phone you decided to keep it I'm guessing it wasn't mis-sold.

3. Can you get them to freeze the interest you are paying?
I doubt it. You could try, but I'd imagine it would have a terrible effect on your credit report. Why would they want to freeze the interest?

Have a look at what you are spending elsewhere and see if you can pay a little extra off this each month. Every little helps.
How much do you owe in total?

Xx27x4kj

I am looking into claiming back the PPI from my coversafe. I believe it was mis sold it as i had no idea why It was until I tried to cancel it and it which they talked me out of. I was also made redundant and didn't have a clue I could have claimed and had it paid off!
I owe £350 x

JimmyTheWig

My point is that you may have difficulties in claiming it was mis-sold if you haven't even cancelled it when you acknowledge that you know about it.

[Presumably it is too late to claim on the unemployment side of it now?]

muileach

might be cheaper to pay it all off using a bank loan/overdraft......check and compare interest rates.....cut the card up and dont use it.

McKneff

You dont need Argos to block your card, just cut it up......