Barclaycard

shinner

Don't you love em. They are now back charging interest great...

happy_bunny_2

Presumably you are paying a large(ish) amount each month?

heatherks

if you pay anything above 1% of your balance they re-start interest at my recent review CAB increased my payments offer to Barclaycard meaning i I paid £3 more a month with interest of nearly £5 a month added

Deep_In_Debt

When I was on my DMP, Barclaycard did charge interest but not as much as I would have been paying if I wasn't on a DMP. I do appreciate it's a pain but they were difficult to deal with in terms of my DMP so I gave up trying to negotiate with them in the end and just took the hit. They were a bit of a bug bear though and I would have been debt free sooner if it wasn't for them.

Good luck.

eyeopener2

Same here, I tried everything. They are just totally intransigent! Breach that 1% limit and that's it, interest will be charged.

shinner

No not paying 1% an they have banged full interest on well they can ***** start new job less money and think it will be £1 a month token from october i know i owe the money but they really do not help want me to phone them but wont provide a number which is free to phone just numbers which cost a fortune. So i can line there pockets even more. Apparently phoning me tomorrow. I think i will be telling them from now on they can contact via letter only.
Would love a settlement figure so could do i o u and get shot of em.

Stewart_78

I think it's probably wiser to pay as little as possible into a DMP and if you have surplus, save it up for F+F offers. The more you pay, the more they seem to think they can keep you in debt.

shinner

interest re froze spoke to mercers today explained cant pay more only what i have been. I did ask if they did f&f they said yes varies with each person brother said will help going to phone tomor to offer 40% as maximum offer and only stands if all accounts clear and closed without being chased. If not then funds wont be available.

happy_bunny_2

shinner wrote: »

interest re froze spoke to mercers today explained cant pay more only what i have been. I did ask if they did f&f they said yes varies with each person brother said will help going to phone tomor to offer 40% as maximum offer and only stands if all accounts clear and closed without being chased. If not then funds wont be available.

Make sure you get it in writing and check the wording carefully. You don't want them to say its F&F over the phone then not set the balance to zero on your credit file and sell it on. This is useful:
http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=24_full_and_final_settlement_offers

Start lower than 40%, maybe 20-25