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Barclaycard
atomic7431
Posts: 38 Forumite
Just a quick question...
Have got informal payments with barclaycard and they rang for a review of our budget which is the same so kept payments as they are but they have said that in 2 months time they will probably send the debt to a dca as it's had reduced payments for over 6 months but they said that if we could up the payments to 83 from 62 and put it on a formal payment plan for 5 years that would stop any further action on the account but they want to charge us 3% interest for the 5 years but currently all interest and charges are stopped anyway. My question is ... is it worth doing as we have 2 defaults with nationwide already.
Many thanks in advance
Have got informal payments with barclaycard and they rang for a review of our budget which is the same so kept payments as they are but they have said that in 2 months time they will probably send the debt to a dca as it's had reduced payments for over 6 months but they said that if we could up the payments to 83 from 62 and put it on a formal payment plan for 5 years that would stop any further action on the account but they want to charge us 3% interest for the 5 years but currently all interest and charges are stopped anyway. My question is ... is it worth doing as we have 2 defaults with nationwide already.
Many thanks in advance
Still hoping that eventually money will grow on trees then we can all live happily ever after ☺
In the mean time we are 31k worth of debt but it is coming down slowly....:eek:
In the mean time we are 31k worth of debt but it is coming down slowly....:eek:
0
Comments
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No, let the debt go to a DCA, no more interest will be added.
If you already have two defaults, then another makes little difference.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Thanks for your speedy reply. They just make you think that they are offering you something better when actually they aren't.Still hoping that eventually money will grow on trees then we can all live happily ever after ☺
In the mean time we are 31k worth of debt but it is coming down slowly....:eek:0
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