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Advice
Joshua22
Posts: 1 Newbie
in Credit cards
Hello.
At the moment i am curently paying the minimum payment via direct debit for three credit cards,
Barclaycard £9,000, £200 a month
Santander £4,000, £35 a month
Tesco, £3,000, £30 a month
the three cards have all been bank transfers with % interest, i have never been in arrears with any of the cards, the Barclaycard account is due to expire from the % interest very soon, i will not be able to afford the extra monthly % barclaycard are going to add and cannot afford to pay off the balances, what would members advise me to do? thank you
At the moment i am curently paying the minimum payment via direct debit for three credit cards,
Barclaycard £9,000, £200 a month
Santander £4,000, £35 a month
Tesco, £3,000, £30 a month
the three cards have all been bank transfers with % interest, i have never been in arrears with any of the cards, the Barclaycard account is due to expire from the % interest very soon, i will not be able to afford the extra monthly % barclaycard are going to add and cannot afford to pay off the balances, what would members advise me to do? thank you
0
Comments
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you could try for a 0% BT but it will depend on your circumstances as to whether you will get one.
Otherwise it is a matter of earn more (overtime, 2nd job) and/or spend less. Filling in a SOA would help you get better advice - take a trip to the Debt Free Wannabe section.
What was your original plan for paying off what you have spent - how has that changed?I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards 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.0
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