Delaying minimum payment for a month?

AkaBreeno

I have a Tesco credit card with £1200 on it which I repay 90 off minimum each month. Normally with an extra 100-200 chucked on during the month if have it spare. Problem is I'm in between jobs this month and I wont get paid until the end of next month.

Would it be possible to delay the payment for this month? Or is this a complete no-no?

StuC75

Not really, even if you were to get a payment arrangement for this then it would count even more against you.

opinions4u

£12 charge. Impaired credit file. Possible of future credit limit reduction and/or rate rise.

Up to you.

LeeSouthEast

Take the hit from your bank for the overdraft. It'll cause you less long-term problems!

CLAPTON

either use an OD or draw cash for a CC and then pay it back in

AkaBreeno

Iv already been in to see about an overdraft, I'm not eligible as I've only a bog standard basic account. The only option is to take the £12 hit

[Deleted User]

Or take cash out on the card, as suggested above.

You-kip

AkaBreeno wrote: »

Iv already been in to see about an overdraft, I'm not eligible as I've only a bog standard basic account. The only option is to take the £12 hit

If you've got a Tesco CC I'm sure you could open up any bank with an Overdraft.

AkaBreeno

Really? I never thought of opening another bank account? I doubt id be allowed though as I'd essentially be straight into the overdraft.

Zx81 : I cant take cash out on the card, the limits at 1200 so im all maxed out.

MisterMotivated

AkaBreeno wrote: »

Zx81 : I cant take cash out on the card, the limits at 1200 so im all maxed out.

In that case you may also find yourself hit with another charge for going over your credit limit, once the first fee is added.

I think applying for another bank account with overdraft sounds like a good option.

AkaBreeno

Oh !!!!!! MisterMotivated, your right .... 12 late fee and an over the limit fee! :shocked: