Coming out of an Arrangement to pay

ca7csu · 30 May 2013 at 5:05PM

Hi
I have been paying my Barclaycard of as an AP, i am now in a better position so I can come out of it. Is this likley to pose a problem?
Will they be happy for me to do so?
Will this also enable future marks to be seen as satisfactory rather than AP?

Anyone been in a similar situation?
Any advice appreciated.

datlex · 30 May 2013 at 8:07PM

I had an arrangement with First Direct. They were fine about changing. Unfortunately it is not on my credit report now so I cannot advise ref marks.

ca7csu · 30 May 2013 at 10:33PM

Thanks :-)

simeyb · 31 May 2013 at 8:39AM

Hello - you can definitely come out of an AP with Barclaycard, although they will increase the interest rate back up to normal rates if you have been benefitting from a lower one while you have been in the arrangement - also consider whether you have any other creditors in an arrangement as they may be upset if you increase your payments to one creditor i.e. Barclaycard and not to them - all depends on your own circumstances of course, but the short answer is yes Bcard will be delighted to let you pay them more interest!