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0% Ending
arsenalman
Posts: 2 Newbie
in Credit cards
Hi - please help, I don't have a clue what to do!
I have just under a £3,500 balance on my barclaycard platinum - it is almost maxed. I balance transferred £1000 initially on an 18 month 0% deal which is due to expire in 5 weeks. I had all good intentions of paying it off in full before the deal expired but life changed and I got in to some difficulties meaning I had to spend on it whilst also incurring current account bank charges which have severely harmed my credit rating. Over the majority of the 18 months I have been managing to pay at least the min payment - none missed. The trouble is that in 5 weeks the APR will spike and I do not have the ability to get another 0% transfer card - I have tried but only likely one is the poor credit one that allows only 0% for a short period with £1500 limit. The repayments are going to be too high for me to manage on £3500 at full APR.
Is it at all possible that barclaycard would extend the 0% deal or reduce the APR without having to default?!
Many thanks for your help.
I have just under a £3,500 balance on my barclaycard platinum - it is almost maxed. I balance transferred £1000 initially on an 18 month 0% deal which is due to expire in 5 weeks. I had all good intentions of paying it off in full before the deal expired but life changed and I got in to some difficulties meaning I had to spend on it whilst also incurring current account bank charges which have severely harmed my credit rating. Over the majority of the 18 months I have been managing to pay at least the min payment - none missed. The trouble is that in 5 weeks the APR will spike and I do not have the ability to get another 0% transfer card - I have tried but only likely one is the poor credit one that allows only 0% for a short period with £1500 limit. The repayments are going to be too high for me to manage on £3500 at full APR.
Is it at all possible that barclaycard would extend the 0% deal or reduce the APR without having to default?!
Many thanks for your help.
0
Comments
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At the risk of stating the obvious, have you asked them?0
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Extremely unlikely IMO.arsenalman wrote: »...
Is it at all possible that barclaycard would extend the 0% deal or reduce the APR without having to default?!
....
That's what all introductory offers are for - to lure you in a hope or trapping and robbing later. The first part is done and isn't needed anymore.0
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